Worker Notification. On or before the Closing Date, Seller shall provide to Buyer a list of the name and site of employment of any and all employees of the Business who have experienced, or will experience, an employment loss or layoff β as defined by WARN β within ninety (90) days prior to the Closing Date. Seller shall update this list up to and including the Closing Date. Seller shall not, at any time ninety (90) days before the Closing Date, without complying fully with the notice requirements and other requirements of the WARN Act, effectuate (i) a plant closing as defined in the WARN Act affecting any site of employment or one or more facilities or operating units within any site of employment of the Business; (ii) a mass layoff as defined in the WARN Act affecting any site of employment of the Business; or (iii) any similar action under the WARN Act requiring notice to employees in the event of an employment loss or layoff.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Stanadyne Corp), Asset Purchase Agreement (Gentek Inc)