Employee Benefits and Employment. 6.1 Employment 6.2 Employee Pension Benefit Plans 6.3 Employee Welfare Benefit Plans 6.4 Health Continuation Coverage 6.5 Health Insurance Portability and Accountability Act ("HIPAA") 6.6 Reporting and Disclosure Requirements 6.7
Employee Benefits and Employment. 31 7.1 Employment.....................................................31 7.2
Employee Benefits and Employment. (a) The Sellers shall, no later than the Closing Date, assume and maintain sponsorship of and full responsibility for each of the Employee Benefit Plans, including all liabilities that arise under Part 6 of Title I of ERISA or Section 4980B of the Code as a result of or following the consummation of the transactions contemplated by this Agreement, and to the extent necessary shall cause the Company to terminate or otherwise cease its sponsorship of the Employee Benefit Plans.
Employee Benefits and Employment. (a) The Sellers shall, no later than the Closing Date, assume and maintain sponsorship and full responsibility of each of the Employee Benefit Plans, and to the extent necessary shall cause Any Kind and U.S. Check to terminate or otherwise cease its sponsorship of the Employee Benefit Plans.
Employee Benefits and Employment. 7 7.1 Employment.......................................................................................7 7.2 Employee Pension and Welfare Benefit Plans.......................................................8
Employee Benefits and Employment. (a) ABC shall be fully and solely responsible for each of the Employee Benefit Plans pursuant to their terms.
Employee Benefits and Employment. (i) Except as otherwise provided herein or as otherwise clearly required by the context, the following terms shall have the respective meanings indicated when used in this Agreement:
Employee Benefits and Employment. Each employee of the Company on the Closing Date that continues employment with the Company as of the Closing Date (each, an "Employee") shall be eligible for participation in the "employee welfare benefit plans" as are defined in sections 3(1) of ERISA, maintained by Buyer and as in effect from time to time (the "Buyer Plans"), subject to the eligibility requirements of each such Buyer Plan. 5.8
Employee Benefits and Employment. (a) Purchaser shall offer employment to those Finance Company Employees listed on Schedule 5.5(a) on such terms and conditions as determined by Purchaser in its sole discretion; provided, however, that the language of this sentence shall not create any obligation on the part of the Purchaser or any of its Affiliates to offer employment to any Finance Company Employee, continue the employment, nor create any right, of any Finance Company Employee or Transferred Employee or in his or her beneficiaries following the Closing. Except for reimbursement of severance costs as provided in Section 5.5(d) below, Seller or one of its Affiliates (other than the Finance Company) shall retain liability and responsibility for any liabilities with respect to any Finance Company Employees who do not become Transferred Employees. Following the Closing Date, Purchaser shall provide or cause to be provided to the Transferred Employees such employee benefit plans, programs, agreements or arrangements as are provided to similarly situated employees of the Purchaser.
Employee Benefits and Employment. The Seller shall assist the Purchaser in retaining such employees of the Company and CSD Canada as elected by the Purchaser. The Company shall be responsible for compliance with the Worker Adjustment and Retraining Notification Act applicable to employees not to be retained by the Company. The Purchaser shall indemnify and hold the Seller harmless from and against any claim, demand, action, suit, liability, damage, cost or expense (including reasonable attorneys' fees) relating to the Company's failure to comply with the Worker Adjustment and Retraining Notification Act. The Seller agrees that for a period of twelve (12) months following the Closing Date it will not solicit for employment any person who is an employee of the Company or CSD Canada as of the Closing Date unless and until such employee's employment with the Company, CSD Canada, the Purchaser or any Affiliate has been terminated. If within one (1) year following the Closing, the Purchaser or any Affiliate of the Purchaser hires or rehires as an employee or independent contractor [other than a consulting arrangement of less than thirty (30) days duration], an employee of the Company as to whom the Seller made any indemnification payments for severance payments to such individual under the Company's Severance Plan (as defined in Exhibit "B") to the Purchaser or the PG Guarantor pursuant to Section 8(a)(i) of this Agreement, the Purchaser shall immediately reimburse the Seller for such indemnification payments.
