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Common use of Liability for Severance Clause in Contracts

Liability for Severance. As of the Effective Time, OPC shall have no Liability or obligation under any OPC Group severance plan or policy with respect to CRC Group Employees or Former CRC Group Employees.

Appears in 3 contracts

Sources: Employee Matters Agreement (Occidental Petroleum Corp /De/), Employee Matters Agreement (California Resources Corp), Employee Matters Agreement (California Resources Corp)

Related Clauses

  • Eligibility for Severance Benefits
  • Liability for Specific Obligations
  • Termination and Severance Pay
  • Termination and Severance
  • Termination of Employment and Severance Benefits

Parent Clauses

  • Third-Party Vendors
  • Cooperation
  • GENERAL PROVISIONS
  • Approval of CRC New Equity Plan and CRC ESPP
  • SELLER REPRESENTATIONS AND WARRANTIES

Sub-Clauses

  • Accrued Time Off
  • Termination of Participation
  • Leaves of Absence
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