Common use of Care Coverage Clause in Contracts

Care Coverage. Immediately prior to the Closing, each of Ronco, Popeil Inc. and RP will terminate (a) the employment of all employees of Ronco, Popeil Inc. and/or RP whose names are listed on Schedule 6.5(B), and (b) all employment agreements and other arrangements with such employees. As of the Closing, Ronco, Popeil Inc. or RP (as appropriate) shall pay to their employees whose names are listed on Schedule 6.5(B) any and all liabilities relating to or arising out of their employment or termination of employment by Ronco, Popeil Inc. and RP, including any payments and benefits due to such employees pursuant to accrued wages, salary, bonus, commission or other forms of compensation. Purchaser will provide continuation health care coverage to all Transferred Employees and their qualified beneficiaries who incur a qualifying event after the Closing Date in accordance with and to the extent required under the continuation health care coverage requirements of Code Section 4980B, as amended, and Sections 601 through 608 of ERISA ("COBRA").