COBRA Requirements. After the Closing Date: (i) Sellers shall be responsible for providing the COBRA Coverage for all TPG employees (and their dependents and beneficiaries) who incur a COBRA qualifying event on or prior to the Closing Date; and (ii) the Purchaser shall be responsible for providing COBRA Coverage for all TPG employees (and their dependents and beneficiaries) who incur a COBRA qualifying event after the Closing Date.
COBRA Requirements. To the extent required by Proposed Treasury Regulation Section 54.4980B-9 (as amended or finalized from time to time), in the event that Chadmoore ceases to maintain any group health plan for any employee in connection with the events contemplated in this Agreement, Nextel agrees that, effective as of the later of the Closing Date of the date that Chadmoore ceases to provide any group health plan to any employee, Nextel will have the obligation to make COBRA continuation coverage available to those individuals who are "M&A qualified beneficiaries" (as defined in the Regulations) with respect to the events contemplated by this Agreement. Notwithstanding the foregoing, Nextel shall have the right at its discretion to assume Chadmoore's group health plan(s) in connection with satisfying any obligations that it may have under Code Section 4980B with respect to the former employees of Chadmoore. In the event that Nextel chooses to assume Chadmoore's group health plan(s), Chadmoore agrees to take all reasonable actions requested by Nextel in order to effectuate such assumption.
COBRA Requirements. Seller shall be responsible for satisfying the requirements of Section 4980B of the Code and Sections 601 through 609 of ERISA ("COBRA requirements") with respect to any employee of the Business who had a qualifying event prior to the Closing or for any employee of the Business not otherwise employed by Purchaser after the Closing, to the extent required under the COBRA requirements. Purchaser shall be responsible for satisfying the COBRA requirements for any employee of the Business employed by Purchaser after the Closing, to the extent required under the COBRA requirements.
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COBRA Requirements. The Seller shall be responsible for full compliance with the requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), and any costs, expenses, Claims, Liabilities, or obligations related thereto, as required by COBRA.
COBRA Requirements. Notwithstanding anything in this Agreement to the contrary, on and after the Closing Date, Seller will comply in all respects with the group health plan continuation coverage requirements of COBRA with regard to employees of Ultimate, their spouses and dependents, that were terminated on or prior to the Closing Date.
COBRA Requirements. X-Ray shall, at all times through the Closing Date, comply in all respects with the applicable requirements for its ERISA Plans as set forth in the Code and ERISA, including, without limitation, Section 4980B of the Code (as well as its predecessor provision, Section 162(k) of the Code) and Sections 601 through 608, inclusive, of ERISA. Employees of X-Ray who become employees of PSS shall be entitled to participate in PSS' welfare benefit plans on the same terms as PSS' current employees.
COBRA Requirements. (1) Wyndham, Owner, Operating Lessees, Wyndham Manager or their Affiliates shall be responsible for the provision of all notices under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), in order to comply with the requirements of COBRA with respect to the transactions contemplated hereby, including the provision of COBRA notices to all Terminated Employees and their COBRA qualified beneficiaries. Purchaser, Purchaser’s manager and their respective Affiliates shall only be responsible for the provision of any notices required to comply with the requirements of COBRA with respect to any Terminated Employees hired or retained by Purchaser, Purchaser’s manager or their Affiliates or by Third Party Manager or its Affiliates, or COBRA qualified beneficiaries thereof, who experience a qualifying event under Purchaser’s health plan, if any, after Closing.
COBRA Requirements. (a) Seller, Seller’s manager or their affiliates shall be responsible for the provision of all notices under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), in order to comply with the requirements of COBRA with respect to the transactions contemplated hereby, including the provision of COBRA notices to all Terminated Employees and their COBRA beneficiaries. Purchaser or its affiliates shall only be responsible for the provision of any notices required to comply with the requirements of COBRA with respect to any Terminated Employees hired or retained by Purchaser, Purchaser’s manager or their affiliates, or COBRA beneficiaries thereof, who experience a qualifying event under Purchaser’s or its manager’s health plan, if any, after Closing.
COBRA Requirements. (a) Purchaser shall promptly notify Sellers if Purchaser takes any action in connection with Closing that will give rise to any obligation of Sellers to deliver notices to Hotel Employees or beneficiaries under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”). Purchaser shall be responsible for the provision of any notices required to comply with the requirements of COBRA to any Hotel Employee or COBRA beneficiaries that become entitled to such notices after Closing.
