WARN Act Liability definition

WARN Act Liability means any Liability arising under the WARN Act with respect to any mass layoff, plant closing or other termination of any employee of Seller or any of its Affiliates, in any case, occurring on or prior to the Closing Date and/or with respect to any employee of Seller or any of its Affiliates who does not become a Transferred Employee.
View Source
WARN Act Liability means any and all claims, damages or other liability arising from or relating to any actual or alleged violations involving the Debtor, YFE, or Yucaipa of the WARN Act and/or California Labor Code §§ 1400 et seq.
View Source
WARN Act Liability shall include without limitation each of the following: (a) liability for continued compensation after notice of termination is given to any employee or the cost of a mutually agreeable negotiated severance payment which such employee agrees to accept in return for a release of claims pursuant to the WARN Act; and (b) the actual cost of retaining such employee through and including any such notice period required by the WARN Act. Seller's agreement to share the liability equally will not diminish the Buyer's liability to reimburse Seller for the cost of any such employee pursuant to the Services Agreement 4.
View Source

Examples of WARN Act Liability in a sentence

  • Notwithstanding the foregoing, nothing in this Section 8.18 shall be construed as a prohibition on Buyer’s terminating or changing the employment of any Offered Employees operating in the field on an individual basis, as long as such actions do not trigger WARN Act Liability.

  • Such liability of the Seller is referred to as the "Seller WARN Act Liability." The Purchaser shall be solely responsible for any and all obligations and liabilities that may arise after the Effective Time with respect to any of the Specified Employees as a result of the transactions contemplated by this Agreement under the WARN Act (the "Purchaser WARN Act Liability").

  • Seller shall bear any and all obligations and Liability under the WARN Act (“WARN Act Liability”) resulting from employment losses of pre-Closing Seller employees pursuant to this Section 6.05 or otherwise, whether prior to, on or after the Closing Date; provided that Seller shall not be responsible for WARN Act Liability resulting from any employment losses of individuals actually employed and terminated by Buyer post-Closing.

  • The Companies are in compliance with the WARN Act and no WARN Act event has occurred in the preceding three years for which any WARN Act Liability exists.

  • Buyer shall indemnify and hold harmless Seller and its Affiliates (including officers or directors of MC or MedCath) from and against any claims, liabilities, damages and expenses, including reasonable attorneys’ fees and expenses, arising from any WARN Act Liability.

  • Buyer shall not, and shall cause the Company Group not to, take any action following the Closing that could result in WARN Act Liability within twelve (12) months after the Closing Date.

  • For a period of not less than Twelve (12) months following the Closing Date, Parent will not, and will cause the Surviving Corporation and the Surviving Corporation’s Subsidiaries not to, take any action following the Closing that could result in WARN Act Liability relating to employees of the Surviving Corporation or any of the Surviving Corporation’s Subsidiaries.


More Definitions of WARN Act Liability

WARN Act Liability means any Liability arising under WARN with respect to any mass layoff, plant closing or other termination of employees, in any case, occurring on or prior to the Closing Date.
View Source
WARN Act Liability has the meaning set forth in Section 13.4.
View Source

Related to WARN Act Liability

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • SpinCo Liabilities shall have the meaning set forth in Section 2.3(a).

  • Hovercraft Liability This policy does not cover "hovercraft liability".