Continuation Rights Clause Samples
The Continuation Rights clause defines the circumstances under which certain rights or obligations will persist even after the termination or expiration of an agreement. Typically, this clause specifies which provisions—such as confidentiality, indemnification, or payment obligations—remain in effect beyond the contract’s end date. By doing so, it ensures that critical protections or responsibilities continue to apply, thereby preventing parties from evading important duties simply because the contract has concluded.
Continuation Rights. If an Employer ceases participating in the Trust, any current or former employees of the Employer who have elected or have the right to get continuation coverage pursuant to federal continuation laws will have their coverage terminated as of the last day of the month in which the Employer’s active employees cease participation in the Trust. Any further continuation rights will be the responsibility of the Employer except when federal law requires to the contrary.
Continuation Rights. COORDINATION AMONG CONTINUATION RIGHTS SECTIONS
Continuation Rights. Purchaser shall have no obligation or liability to providing continuation of coverage under any group health plan maintained by Seller or any other ERISA Affiliate ("Continuation Rights") to any employees of Seller who were employed prior to Closing.
Continuation Rights. COORDINATION AMONG CONTINUATION RIGHTS SECTIONS AN IMPORTANT NOTICE ABOUT CONTINUATION RIGHTS The following COBRA CONTINUATION RIGHTS section may not apply to the Employer's Contract. The Employee must contact his or her Employer to find out if: the Employer is subject to the COBRA CONTINUATION RIGHTS section in which case; the section applies to the Employee. COBRA CONTINUATION RIGHTS (Generally applies to employer groups with 20 or more employees) Important Notice
Continuation Rights. HealthPartners agrees to provide continuation coverage, as specified in the Group Membership Contract referenced herein, for an Employee or Dependent who is no longer eligible under the terms of this Master Contract.
Continuation Rights. (a) Except as explicitly set forth in this Agreement or in any Continuing Relationship Document, including Section 6.2, Section 6.3, Section 6.4 and Section 6.5 of this Agreement, (i) both Purchaser and the Selling Companies retain all rights to continue in their respective businesses, (ii) the Selling Companies retain all rights to maintain their current businesses without limitation, and (ii) all remaining assets not included in the Transferred Assets shall remain under the exclusive control and ownership of the Selling Companies.
(b) This Agreement is not intended to violate any free trade laws or restrictions, and each Selling Company and Purchaser (i) has carefully read and understands the restrictive covenants set forth in this Agreement, including Section 6.2, Section 6.3, Section 6.4 and Section 6.5 of this Agreement, and has had the opportunity for such sections to be reviewed by counsel, and (ii) acknowledges that the duration, geographical scope and subject matter of the restrictive covenants set forth in this Agreement, including Section 6.2, Section 6.3, Section 6.4 and Section 6.5 of this Agreement, are reasonable and necessary to protect the goodwill, customer relationships, legitimate business interests, trade secrets and confidential and proprietary information of the Applicable Businesses and the Purchaser and do not violate any free trade laws or restrictions.
(c) As addressed in more detail in Section 6.7, each Selling Company and Purchaser agree that if the final judgment of a court of competent jurisdiction declares that any term or provision of any restrictive covenant set forth in this Agreement, including in Section 6.2, Section 6.3, Section 6.4 and Section 6.5, is invalid or unenforceable, each Selling Company and Purchaser agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time within which the judgment may be appealed.
Continuation Rights. All benefits and coverages will cease on the effective date of my termination, except in accordance with the terms of the benefit plan or applicable law.