Common use of WARN Compliance Clause in Contracts

WARN Compliance. Seller shall not, at any time following the execution of this Agreement, effectuate (i) a "plant closing" (as defined in the Worker Adjustment Retraining Notification Act of 1988 ("WARN")) affecting any site of employment or one or more facilities or operating units within any site of employment or facility of Seller affected by this Agreement, or (ii) a "mass layoff" (as defined in WARN) affecting any site of employment or facility of Seller affected by this Agreement, or (iii) layoffs or employment terminations sufficient in number to trigger application of any similar state or local law. At the Closing, Seller shall provide Purchaser with a schedule of all employees of Seller that were engaged primarily in the operation or conduct of the Business as of the Effective Date who (i) have suffered an "employment loss" (as defined in WARN), (ii) suffered a layoff, or (iii) otherwise suffered a reduction in hours in the period between execution of this Agreement and the Closing Date.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Huntsman Packaging Corp), Asset Purchase Agreement (Huntsman Polymers Corp)