WARN Act Compliance. Parent and Purchaser shall retain full responsibility for compliance with the Worker's Adjustment and Retraining Notification Act of 1988, as amended, and be solely responsible for furnishing any required notice of any "PLANT CLOSING" or "MASS LAYOFF", as applicable, which arise as a result of any facility closings, reductions in work force or termination or other action, that Parent, Purchaser or their affiliates may cause or initiate on or after the Closing Date with respect to the Subsidiary and shall jointly and severally indemnify Seller for any liability, expense and cost related thereto, including reasonable attorneys' fees related thereto.
Appears in 2 contracts
Sources: Stock Purchase Agreement (SCG Holding Corp), Stock Purchase Agreement (Cherry Corp)