Common use of Certain Reductions and Offsets Clause in Contracts

Certain Reductions and Offsets. To the extent that any federal, state or local laws, including, without limitation, the Worker Adjustment and Retraining Notification Act (the “WARN Act”) or any other so-called “plant closing” laws, require the Company to give advance notice or make a payment of any kind to Executive because of Executive’s involuntary termination due to a layoff, reduction in force, plant or facility closing, sale of business, change

Appears in 2 contracts

Sources: Executive Change in Control Severance Benefits Agreement (Onyx Pharmaceuticals Inc), Executive Change in Control Severance Benefits Agreement (Onyx Pharmaceuticals Inc)