COBRA Obligations. Sellers will be solely responsible for any obligations for continuation coverage under Section 4980B of the Internal Revenue Code and part 6 of Subtitle B of Title I of ERISA with respect to all of the Transferred Employees and any other former employees of Sellers, including Employees on Leave.
Appears in 3 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Emmis Communications Corp), Asset Purchase Agreement (Emmis Communications Corp)
COBRA Obligations. Sellers (a) Buyer will be solely responsible for any obligations for continuation coverage under Section 4980B of the Internal Revenue Tax Code and part 6 of Subtitle B of Title I of ERISA with respect to Transferee Employees.
(b) Seller will be solely responsible for any obligations for continuation coverage under Section 4980B of the Tax Code and part 6 of Subtitle B of Title I of ERISA with respect to all of the Transferred Employees and any employees other former employees of Sellers, including Employees on Leavethan Transferee Employees.
Appears in 2 contracts
Sources: Asset Purchase Agreement (American Architectural Products Corp), Asset Purchase Agreement (American Architectural Products Corp)
COBRA Obligations. Sellers will Buyer shall be solely responsible for any obligations for continuation coverage under Section 4980B of the Internal Revenue Code and part 6 of Subtitle B of Title I of ERISA with respect to all Employees of the Transferred Employees and any other former employees of Sellers, including Employees on LeaveBusiness.
Appears in 1 contract
Sources: Master Transaction Agreement (Kaiser Group International Inc)