Common use of Employee Notifications Clause in Contracts

Employee Notifications. Where required under applicable Law, Buyer and Seller Parent shall, and Seller Parent shall cause the other Sellers or the Sold Companies prior to the Closing Date (or the date of a deferred closing, as contemplated by Section 2.10), to, properly and timely notify, or where appropriate, consult or negotiate with, employees, employee representatives, the local works council, union, labor board or any relevant governmental agency concerning the transactions contemplated by this Agreement. In the event any payment is required in lieu of such notice, Seller Parent shall bear such expense.

Employee Notifications. Where required under applicable Law, the Buyer and Seller Parent shall, and Seller Parent shall cause the other Sellers or the Sold Companies prior to the Closing Date (or the date of a deferred closing, as contemplated by Section 2.10), 2.8) to, properly and timely notify, or where appropriate, consult or negotiate with, employees, employee representatives, the local all competent works councilcouncils, unionunions, labor board boards or any relevant governmental agency agencies concerning the transactions contemplated by this Agreement. In the event any payment is required in lieu of such notice, Seller Parent shall bear such expense.