HR Liabilities definition

HR Liabilities means all Liabilities arising out of, by reason of, or otherwise in connection with, the employment of, or termination of the employment of, any employee by the applicable Heritage Company, Party or applicable member of its Group or predecessor thereof, excluding all Liabilities arising out of, by reason of, or otherwise in connection with, the failure to notify, consult with, bargain or negotiate with, or seek Consent from such employee or the Employee Representative Body representing such employee and any fines or penalties imposed or assessed by any Governmental Entity in respect of such a failure and, for the avoidance of doubt, excluding Liabilities attributable to inventor remuneration and any other rights of an employee under a patent (which rights are addressed to the extent applicable in the Separation Agreement).

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HR Liabilities means all Liabilities arising out of, by reason of, or otherwise in connection with, the employment of, and/or the termination of the employment of, any employee.

HR Liabilities means all obligations and liabilities for wages, bonuses (including, for greater certainty, all EPA) variable compensation, workers' compensation benefits, pension and other benefits or any other employee claim, including vacation pay, in respect of any Transferred Employee or Former Employee.

Examples of HR Liabilities in a sentence

For the avoidance of doubt, Parent and its Affiliates shall retain all Liabilities and obligations with respect to, and Purchaser and its Affiliates shall have no responsibility or Liability in respect of, the retention agreements between a Business Employee and Parent set forth on S ection 7.4(b) of the Seller Disclosure Letter (the “Seller Retention Agreements”) and all liabilities and obligations under the Seller Retention Agreements shall constitute Excluded HR Liabilities.

With respect to the HR Liabilities pertaining to any Former Other Business Employee, to the extent not otherwise addressed herein, the principles of the Separation Agreement shall apply to such HR Liability.

With respect to HR Liabilities that, under applicable Law or Labor Agreement, result in joint and several liability between two or more Parties, such HR Liabilities, to the extent not otherwise addressed herein, shall be apportioned among the Parties based on the principles of the Separation Agreement in respect of shared liabilities.

As of the Transfer Time, Seller and its Affiliates shall be relieved of all Assumed HR Liabilities, except to the extent otherwise required by applicable Law.

SpecCo shall, or shall cause a member of the SpecCo Group to, Assume all of the HR Liabilities related to any Non-Consenting Employee who is a Heritage DuPont SpecCo Aligned Employee or a Heritage DuPont MatCo Aligned Employee.

More Definitions of HR Liabilities

HR Liabilities means (a) all employment- or benefits-related liabilities, obligations, costs, claims and demands, including, but not limited to, wages, bonuses, variable compensation and benefits under applicable plans (including retiree welfare benefits), severance pay, termination pay, vacation pay, notice of termination of employment or pay in lieu of such notice, damages payable in connection with a termination of employment, employment-related Taxes or (b) claims made by any Employee or any Employee Representative Body in relation to any failure to comply with any obligations to obtain advice from or notify, inform and/or consult with any Employee or Employee Representative Body, or any fines or penalties imposed by any Government Authority in respect of such a failure;[***]