Common use of Employee Layoffs Clause in Contracts

Employee Layoffs. Section 5(u) of the Disclosure Schedule sets forth as of the date hereof a list of employee layoffs, by date and site of employment (as contemplated by the WARN Act), implemented by Sellers with respect to the Covered Employees during the past ninety days. Section 5(u) of the Disclosure Schedule will be updated with current information as to each site of employment (as contemplated by the WARN Act) as of a date within three days prior to the Closing Date and again on the Closing Date.