Accrued Entitlements. Except as set forth herein, Buyer shall be responsible for all accrued entitlements, including vacation days, severance and retirement obligations, for all Transferring Employees as of the Closing Date consistent with Seller's policy in respect thereof to the extent that the same are accrued as liabilities on the Closing Balance Sheet.
Appears in 2 contracts
Sources: Business Transfer Agreement (Fairchild Semiconductor Corp), Business Transfer Agreement (FSC Semiconductor Corp)