Employee Welfare Plans, Worker's Compensation Sample Clauses
The 'Employee Welfare Plans, Worker's Compensation' clause establishes the employer's obligations to provide certain benefits and protections to employees, such as health insurance, retirement plans, and coverage for work-related injuries. In practice, this clause typically requires the employer to maintain compliance with applicable laws regarding employee benefits and to secure worker's compensation insurance to cover medical expenses and lost wages resulting from workplace accidents. Its core function is to ensure that employees are protected and supported in the event of illness, injury, or other qualifying circumstances, thereby reducing the employer's legal risk and promoting workplace safety and well-being.
Employee Welfare Plans, Worker's Compensation. Except as provided in Section 3.1.3 or as otherwise provided in this Agreement, Buyer shall have no liability whatsoever to Employees or former employees of Seller with respect to incurred workers' compensation claims or to benefits provided, earned or accrued under any "employee welfare benefit plan," as such term is defined in Section 3(1) of ERISA, sponsored or maintained by the Seller or Caliber for employees of the Business prior to the Closing Date. Except as provided in this Agreement, Buyer shall not assume any obligation and shall have no liability whatsoever with respect to any welfare benefit claims, including without limitation medical, dental, vision, life, or disability claims incurred by an Employee or his family prior to the Closing Date or workers' compensation claims incurred prior to the Closing Date. A medical, dental or vision claim shall be deemed to have been incurred when the services relating to that event that is the subject of the claim were performed. A life or disability claim is deemed to have been incurred on the date of death or disability. A workers' compensation claim is deemed to have been incurred on the date of accident or, if the workers' compensation claim relates to an occupational disease or an injury or condition that was not
Employee Welfare Plans, Worker's Compensation. CML shall have --------------------------------------------- no liability whatsoever to employees or former employees of CharterMed with respect to incurred worker's compensation claims or to benefits provided, earned or accrued under any welfare benefit plan sponsored by CharterMed prior to the Closing. CML shall not assume any obligation and shall have no liability whatsoever with respect to any welfare benefit claims, including without limitation medical, dental, life, or disability claims incurred by an employee or his family prior to the Closing or workers compensation claims incurred prior to the Closing. A medical or dental claim shall be deemed to be incurred when the services relating to that event that is the subject of the claim were performed. A life or disability claim is deemed to have been incurred on the date of death or disability. A worker's compensation claim is deemed to have been incurred on the date of accident.
Employee Welfare Plans, Worker's Compensation. Lydall shall have --------------------------------------------- no liability whatsoever to employees or former employees of TTII with respect to incurred worker's compensation claims or to benefits provided, earned or accrued under any welfare benefit plan sponsored by TTII prior to the Closing. Lydall shall not assume any obligation and shall have no liability whatsoever with respect to any welfare benefit claims, including without limitation medical, dental, life, or disability claims incurred by an employee or his family prior to the Closing or workers compensation claims incurred prior to the Closing. A medical or dental claim shall be deemed to be incurred when the services relating to that event that is the subject of the claim were performed. A life or disability claim is deemed to have been incurred on the date of death or disability. A worker's compensation claim is deemed to have been incurred on the date of accident.
Employee Welfare Plans, Worker's Compensation. Subject to Section --------------------------------------------- 3.02, Lydall shall have no liability whatsoever to employees or former employees of Affinity with respect to incurred worker's compensation claims or to benefits provided, earned or accrued under any welfare benefit plan sponsored by Affinity prior to the Closing. Lydall shall not assume any obligation and shall have no liability whatsoever with respect to any welfare benefit claims, including without limitation medical, dental, life, or disability claims incurred by an employee or his/her eligible dependents prior to the Closing or workers compensation claims incurred prior to the Closing. A medical or dental claim shall be deemed to be incurred when the services relating to that event that is the subject of the claim were performed. A life or disability claim is deemed to have been incurred on the date of death or disability. A worker's compensation claim is deemed to have been incurred on the date of accident or illness.
Employee Welfare Plans, Worker's Compensation. Except as provided in Section 4.5, Ludlow shall have no liability whatsoever to employees or former employees with respect to incurred worker's compensation claims or to benefits earned or accrued under any welfare benefit plan sponsored by either the Business or Lydall prior to the Closing Date. Ludlow shall not assume any obligation and shall have no liability whatsoever with respect to any welfare benefit claims, including without limitation medical claims incurred by an Employee or his family prior to the Closing Date or worker's compensation claims incurred prior to the Closing Date. A medical claim shall be deemed to be incurred when the services relating to that event that is the subject of the claim were performed. A worker's compensation claim is deemed to have been incurred on the date of accident. The welfare plans maintained by Ludlow for the benefit of employees of the Southern Products Division shall not include a waiting or eligibility period or a preexisting condition restriction or limitation and, shall take into account, for purposes of any co-payment, deductible and limitation on benefits, the payments made under Lydall's comparable benefit plan for medical and dental services in the current calendar year through the Closing Date.
Employee Welfare Plans, Worker's Compensation. Lydall shall have no liability whatsoever to employees or former employees of ETSI with respect to incurred worker's compensation claims or to benefits provided, earned or accrued under any welfare benefit plan sponsored by ETSI prior to the Closing. Lydall shall not assume any obligation and shall have no liability whatsoever with respect to any welfare benefit claims, including without limitation medical, dental, life, or disability claims incurred by an employee or his family prior to the Closing or workers compensation claims incurred prior to the Closing. A medical or dental claim shall be deemed to be incurred when the services relating to that event that is the subject of the claim were performed. A life or disability claim is deemed to have been incurred on the date of death or disability. A worker's compensation claim is deemed to have been incurred on the date of accident; and