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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
New York Employees Now Entitled to Covid-19 Vaccination Leave
Under a law that went into effect March 12, New York staffing and direct hire firms and other employers are now required to provide private employees and certain public employees with paid time off for Covid-19 vaccination. Specifically, eligible employees (including, without limitation, temporary and part-time employees) are entitled to take up to “four hours per vaccine injection” to be vaccinated for Covid-19.
Covid-19 vaccination leave is paid at the employee’s regular rate of pay at the time of the absence and cannot be charged against any other leave to which an employee may be entitled, such as accrued sick leave under New York State’s Sick Leave Law or New York City’s Earned Safe and Sick Time Act. Neither the New York State Department of Labor nor any other agency has provided guidance on Covid-19 vaccination leave. ASA will provide an update if any such guidance is provided.
Covid-19 Stimulus Bill Includes Six Months of Free COBRA Health Coverage
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Covid-19: State Policy Report, March 12
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Covid-19 Vaccine Q&A for Employers
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A Year Into the Pandemic, We Aren’t ‘Returning’ to Work—We’re Redefining It
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Covid-19 Policies Poll: Hesitation, Uncertainties, and Challenges Loom for Legal Leaders Over Return to Office
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Covid-19: State Policy Report, March 11
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Illinois DOL Issues Covid-19 Vaccine Compensation and Leave Guidance
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Employees Are Getting Vaccinated… Is It Time to Update Covid-19 Workplace Prevention Protocols?
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