Definition of Post-Closing Employment Liabilities


Post-Closing Employment Liabilities means all liabilities or obligations of Purchaser and its Subsidiaries, of whatever nature, whether known or unknown, absolute or contingent, matured or unmatured, relating to any period after the Closing Date with respect to claims, demands, unpaid wages, sales and other commissions, (and any payroll Taxes thereon) with respect to the employees of the Purchaser and its Subsidiaries and any penalties or fines resulting therefrom and shall include any liability under the Hawaii Dislocated Workers Act related to actions of the Company on or after the Closing Date.
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