Common use of Termination Liabilities Clause in Contracts

Termination Liabilities. Following termination of employment from the Purchaser, a Transition Employee will be paid an amount equal to the severance pay such employee is entitled to under the Transitional Severance Plan, with the aggregate cost of such plan to be divided equally between the Purchaser and the Seller Entities. Any other costs associated with the termination of such employment (including, without limitation, any liability assessed under the Workers Adjustment Retraining and Notification Act (the "WARN Act") or any Seller severance policy) shall be borne by the Seller Entities.