Common use of Worker Adjustment and Retraining Notification Act Clause in Contracts

Worker Adjustment and Retraining Notification Act. Upon reasonable written request by Buyer and at Buyer's expense, Sellers shall provide appropriate notice (including renewal notices) pursuant to the Worker Adjustment and Retraining Notification Act (29 U.S.C. Sections 2101, et seq.) (the "WARN Act") with respect to employees Buyer expects to terminate less than 60 days after the Closing Date. With respect to any other plant closings by Sellers for which notice has not been provided by Buyer in accordance with the preceding sentence (including the Dallas Graphics Plant) prior to the Closing Date, Sellers shall have complied with the WARN Act and all comparable state laws and shall indemnify and hold harmless Buyer from and against any liability, cost or expense in connection therewith. Buyer and Sellers shall each comply with the WARN Act and any comparable state law.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Town & Country Corp), Asset Purchase Agreement (Commemorative Brands Inc)