Common use of Accrued Entitlements Clause in Contracts

Accrued Entitlements. Purchaser shall be responsible for all accrued entitlements to the extent and up to the amounts reflected on the Closing Balance Sheet, including, but not limited to, vacation days, for Affected Employees as of the Closing Date, consistent with Seller’s policy in respect thereof. Seller shall give Purchaser reasonable access to and a copy of the records of Seller necessary to determine and administer the vacation and other accrued entitlements of Affected Employees as reflected on the Closing Balance Sheet.

Appears in 1 contract

Sources: Asset Purchase Agreement (Intersil Corp/De)

Accrued Entitlements. Purchaser shall be responsible for all accrued entitlements to the extent and up to the amounts reflected on the Closing Balance Sheet, including, but not limited to, vacation days, for Affected Employees as of the Closing Date, consistent with Seller’s 's policy in respect thereof. Seller shall give Purchaser reasonable access to and a copy of the records of Seller necessary to determine and administer the vacation and other accrued entitlements of Affected Employees as reflected on the Closing Balance Sheet.

Appears in 1 contract

Sources: Asset Purchase Agreement (Fairchild Semiconductor International Inc)