Common use of ACA Compliance Clause in Contracts

ACA Compliance. Any Company Plan sponsored by or contributed to by the Company which is a Welfare Plan is in material compliance with the requirements of the Patient Protection and Affordable Care Act, as amended. The Company does not or is not reasonably expected to have any material liability for Taxes under Section 4980D or 4980H of the Code. The Company maintains sufficient documentation to comply with the reporting requirements under Section 6055 and 6056 of the Code, except as would not reasonably be expected to result in material liability to the Company.

Appears in 2 contracts

Sources: Stock Purchase Agreement, Stock Purchase Agreement (IES Holdings, Inc.)