Common use of No Layoffs Clause in Contracts

No Layoffs. Since January 1, 2007, Company has not taken any action that would constitute a “mass layoff,” “mass termination” or “plant closing” within the meaning of WARN or that would otherwise trigger notice requirements or liability under any federal, local, state or foreign plant closing notice or collective dismissal law.

Appears in 1 contract

Sources: Merger Agreement (Intermec, Inc.)

No Layoffs. Since January 1, 2007, Company has not taken any action that would constitute a “mass layoff,” “mass termination” or “plant closing” within the meaning of WARN or that would otherwise trigger notice requirements or liability under any federal, local, state or foreign plant closing notice or collective dismissal law.

Appears in 1 contract

Sources: Merger Agreement (Stratasys Inc)