Common use of ’ Compensation Liabilities Clause in Contracts

’ Compensation Liabilities. Except as provided below, all workers' compensation Liabilities relating to, arising out of, or resulting from any claim by a Parent Employee, Former Parent Employee, ▇▇▇▇▇ ▇▇▇▇▇▇▇ Employee and Former ▇▇▇▇▇ ▇▇▇▇▇▇▇ Employee that results from an accident occurring, or from an occupational disease which becomes manifest, before the Close of the Distribution Date shall be retained by Parent; provided, however, that all amounts payable by Parent relating to, arising out of or resulting from any such claim by a ▇▇▇▇▇ ▇▇▇▇▇▇▇ Employee shall be deemed to be a ▇▇▇▇▇ ▇▇▇▇▇▇▇ Liability for purposes of the Insurance Matters Agreement and shall be paid by Parent or ▇▇▇▇▇ ▇▇▇▇▇▇▇ as set forth in the Insurance Matters Agreement. All workers' compensation Liabilities relating to, arising out of, or resulting from any claim by a Parent Employee, Former Parent Employee or Former ▇▇▇▇▇ ▇▇▇▇▇▇▇ Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by Parent. All workers' compensation Liabilities relating to, arising out of, or resulting from any claim by a ▇▇▇▇▇ ▇▇▇▇▇▇▇ Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by ▇▇▇▇▇ ▇▇▇▇▇▇▇. For purposes of this Agreement, a compensable injury shall be deemed to be sustained upon the occurrence of the event giving rise to eligibility for workers' compensation benefits or an occupational disease becomes manifest, as the case may be. Parent, ▇▇▇▇▇ ▇▇▇▇▇▇▇ and the other ▇▇▇▇▇ ▇▇▇▇▇▇▇ Entities shall cooperate with respect to any notification to appropriate governmental agencies of the Distribution and the issuance of new, or the transfer of existing, workers' compensation insurance policies and claims handling contracts.

Appears in 3 contracts

Sources: Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies)