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Common use of Severance Liabilities Clause in Contracts

Severance Liabilities. Gaming & Entertainment acknowledges that the transactions contemplated by the Spinoff will not result in DVD being or becoming liable for any severance pay to any Employee and Gaming & Entertainment shall indemnify DVD in respect thereof.

Appears in 3 contracts

Sources: Employee Benefits Agreement (Dover Downs Gaming & Entertainment Inc), Employee Benefits Agreement (Dover Downs Entertainment Inc), Employee Benefits Agreement (Dover Downs Gaming & Entertainment Inc)

Related Clauses

  • Employee Liabilities
  • Accrued Liabilities
  • Employee Liability
  • Separation Payments and Benefits
  • Severance Payments and Benefits

Parent Clauses

  • Additional Compensation Matters Severance
  • Assumption of Severance Liabilities
  • Employee Matters
  • Employee Benefit Plans
  • Compensation and Employee Benefits

Sub-Clauses

  • Severance Liabilities of Ventas
  • Severance Liabilities of SpinCo
  • Assumption of Severance Liabilities
  • Code Section 409A
  • Effect of the Distribution on Severance
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