Severance Liability Clause Samples

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Severance Liability. Seller shall be responsible for severance benefits payable to employees other than the Transferred Employees. Buyer shall be responsible for severance benefits payable to the Transferred Employees upon termination of their employment with Buyer.
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Severance Liability. Seller agrees to pay and be responsible for all liability, cost or expense for severance and like costs under Seller's severance pay plans, policies or arrangements that arise from or relate to the termination of employment of any Network Employee by Seller prior to and including the Effective Time. Buyer agrees to pay and be responsible for all liability, cost or expense for severance under Buyer's severance pay plans, policies or arrangements that arise from or relate to the termination of any Transferred Employee by Buyer after the Effective Time. Buyer agrees to pay and be responsible for all liability, cost, expense and sanctions resulting from any failure to comply with the WARN Act, and regulations thereunder, that are attributable to actions taken by Buyer on or after the Effective Time.
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Severance Liability. 51 SECTION 8.06. NON-SOLICITATION BY SELLER.....................................52 ARTICLE IX TAX MATTERS SECTION 9.01. BULK SALES.....................................................52 SECTION 9.02. TRANSFER TAXES.................................................52 ARTICLE X
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Severance Liability. CCM has no severance pay plan, policy, practice or agreement with any of the Employees and shall have sole responsibility for severance pay, if any, to the Employees for any termination of employment by it on, prior to or following the Date of Closing.
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Severance Liability. Buyer shall be responsible for and shall provide all severance benefits due to Continuing Employees as a result of the termination of their employment with Buyer on and after the Closing (including as a result of the transactions contemplated by this Agreement).
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Severance Liability. Seller shall be responsible for severance benefits payable to Retained Employees. Buyer shall be responsible for any severance benefits payable to the Transferred Employees upon termination of their employment with Buyer or its Affiliates and to employees of the Business to whom Buyer fails to offer employment as required in accordance with Section 5.01. The parties agree that, with respect to each individual (i) who was an employee of the Business immediately prior to the Closing, (ii) whose employment was terminated by Seller in connection with the Closing, (iii) who was offered employment by Buyer in connection with the Closing, (iv) who refused to accept Buyer's employment offer and (v) who subsequently received an award of severance benefits in connection with such termination payable by Seller or its Affiliates (including JLG), Buyer shall not employ such individual prior to the 18-month anniversary of the Closing Date. Any Transferred Employee who is terminated by Buyer within one year following the Closing Date shall receive from Buyer severance benefits equal to 30 days for such Transferred Employee with two or fewer years of service with Seller and Buyer combined or 60 days for such Transferred Employee with more than two years of service with Seller and Buyer combined.
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Severance Liability. Seller shall remain responsible for all severance benefits for Employees that are not Transferred Employees. If the employment of a Transferred Employee is terminated by Purchaser or one of Purchaser’s affiliates before the end of the Continuation Period, then Purchaser or one of Purchaser’s affiliates shall pay severance benefits to such Transferred Employee equal to the applicable severance amount under Seller’s severance policies as set forth in Schedule 6.09, taking into account service credited pursuant to Section 6.06 and service credited to the date of such Transferred Employee’s termination by Purchaser, provided that in no event shall such Transferred Employee receive less than the equivalent of 17.33 weeks of base salary or base wages. If, following a Transferred Employee’s termination of employment during the Continuation Period, 200 or more Transferred Employees remain employed by Purchaser, Seller shall reimburse Purchaser promptly (and in any event within 10 business days after receipt of a request for reimbursement thereof, together with reasonably suitable documentation in respect of such request) for the foregoing severance benefits provided by Purchaser to such Transferred Employee. In addition, for a period of four months following the Closing, Purchaser or one of Purchaser’s affiliates shall provide advance notice if termination is contemplated for any Transferred Employee that is represented by the Guild for the amount of time set forth in Schedule 6.09.
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Severance Liability 
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Related to Severance Liability

  • Employee Liability In the event an employee becomes a defendant in a civil liability suit arising out of actions taken or not taken in the course of his/her employment for the state, he/she has the right to request representation and indemnification through his/her agency in accordance with RCW 4.92.060 and 070 and agency policy.

  • Insurance Liability Contractor shall purchase and maintain at their own expense the insurance noted below. All insurance shall apply on a primary, non-contributory basis and remain in effect for the duration of the contract terms. Any policy written on a ‘claims made’ basis may only be done so with the written approval and authorization of the City of Bend and coverage written in this manner shall extend for two years past completion and acceptance of Contractor’s work or services. 10.1 Commercial General Liability Insurance with minimum coverage in effect of $1,000,000 per incident, claim or occurrence and $2,000,000 in aggregate. The policy shall include coverage for personal injury, bodily injury, advertising injury, property damage, premises, operations, products completed operations, employer’s practices liability and contractual damages. Contractor shall remain fully responsible and liable for any claims resulting from the negligence or intentional misconduct or contractor, its subcontractors, and their officials, agents and employees in performance of this contract, even if not covered by, or in excess of insurance limits. 10.2 Commercial Automobile (Fleet) Liability Insurance with minimum combined single limit of $1,000,000 covering all owned, non-owned, and hired vehicles. This coverage shall be written in combination with the Commercial General Liability Insurance and Commercial General Liability. 10.3 Commercial General Liability coverage shall name, by certificate and endorsement the City, its officers, agents, employees and volunteers as additional insureds with respect to Contractor’s work or services provided under this contract.

  • Your Liability The following determines your liability for any unauthorized EFT or any series of related unauthorized EFTs: 1. If you notify the Credit Union within two (2) business days after your password was lost or stolen, your liability will not exceed $50.00 or the amount of the unauthorized EFTs that occur before notification, whichever is less. 2. If you fail to notify the Credit Union within two (2) business days after your password was lost or stolen, your liability will not exceed the lesser of $500.00or the total of: • $50.00 or the amount of unauthorized EFTs that occur within the two (2) business days; and • The total of authorized EFTs which occur during the two (2) days before notification to the Credit Union, provided the Credit Union establishes that these EFTs would not have occurred had the Credit Union been notified within that two-day period. 3. You must report an unauthorized EFT that appears on your periodic statement, no later than 60 days of transmittal of the statement to avoid liability for subsequent transfers; your liability will not exceed the amount of the unauthorized EFTs that occurred within the 60-day period. You may also be liable for the amounts as described in sections 1 and 2 above. 4. If the report is made orally, we will require that you send the complaint or question in writing within 20 business days. We will notify you with the results of the investigation within 10 business days and will correct any error promptly. If more time is needed, however, we may take up to 45 days to investigate a complaint or question. If this occurs, we will credit your account within 10 business days for the amount you think is in error. This will allow you to use the money during the time it takes us to complete out investigation. If your complaint or question is not received in writing within 10 business days, we may not credit your account until the investigation is completed. If an alleged error involves an electronic fund transfer outside a state or territory or possession of the United Stated, the applicable time periods for action by us are 20 business days (instead of 10) and 90 calendar days (instead of 45). If we determine that no error occurred, we will send you a written explanation within three business days after the investigation is complete. You may request copies of the documents that were used in the investigation. 5. You may notify the Credit Union by telephone, writing, or by email using the guest book provided in our online banking site. Notification by general e-mail to report an unauthorized transaction is not secure and therefore not advised.

  • Employee Liabilities All Liabilities with respect to employees which -------------------- relate primarily to the Company Business.

  • Our Liability to You 8.1 We will not be liable to You in respect of any losses You or the Card User may suffer in connection with or arising from the Card, except where such losses are due to a breach by us of this Agreement or due to Our negligence. In addition, We will not be liable for disputes concerning the quality of goods or services purchased from any merchant that accepted a Card or for any additional fees charged by the operator of POS or ATM terminals (e.