WARN Compliance. Parent has taken any and all actions necessary to comply in all material respects with the Worker Adjustment Retraining and Notification Act of 1988, as amended (the “WARN Act”) or state statute of similar import with respect to any event or occurrence affecting Parent, its facilities or its employees since the effective date of the WARN Act, and no notice, payment in lieu of notice, back pay, penalties or other payments contemplated by the WARN Act or any state statute of similar import (collectively, the “WARN Requirements”) is required other than those WARN Requirements that have been satisfied prior to the date of this Agreement and payments due to certain creditors of Parent detailed in the Creditor Plan.
Appears in 2 contracts
Sources: Agreement and Plan of Merger and Reorganization (RHL Group, Inc.), Agreement and Plan of Merger and Reorganization (Favrille Inc)