Common use of Excise Taxes, Damages and Penalties Clause in Contracts

Excise Taxes, Damages and Penalties. No act, omission or transaction has occurred which would result in the imposition on the Sellers or the Company of (i) breach of fiduciary duty liability damages under Section 409 of ERISA, (ii) a civil penalty assessed pursuant to subsection (c), (i) or (1) of Section 502 of ERISA or (iii) any excise tax under applicable provisions of the Code with respect to any Employee Benefit Plan.

Appears in 1 contract

Samples: Asset Purchase Agreement

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Excise Taxes, Damages and Penalties. No act, omission or transaction has occurred which would result in the imposition on the Sellers or the Company with respect to any Plan of (i) breach of fiduciary duty liability damages under Section 409 of ERISA, (ii) a civil penalty assessed pursuant to under subsection (c), (i) ), or (1l) of Section 502 of ERISA or (iii) any excise tax under applicable provisions of the Code with respect to any Employee Benefit PlanCode.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dice Holdings, Inc.)

Excise Taxes, Damages and Penalties. No act, omission or transaction has occurred which would result in the imposition on the Sellers or the Company of (i) breach of fiduciary duty liability damages under Section 409 of ERISA, (ii) a civil penalty assessed pursuant to subsection (c), (i) or (1) of Section 502 of ERISA or (iii) any excise tax under applicable provisions of the Code with respect to any Employee Benefit Plan.. 30

Appears in 1 contract

Samples: Asset Purchase Agreement (Steiner Leisure LTD)

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Excise Taxes, Damages and Penalties. No With respect to any ERISA Benefit Plan or Other Compensation Plan, no act, omission or transaction has occurred which would result in the imposition on the Sellers or the Company of (i) breach of fiduciary duty liability damages under Section 409 of ERISA, (ii) a civil penalty assessed pursuant to subsection (c), (i) or (1l) of Section 502 of ERISA ERISA, or (iii) any excise tax under applicable provisions of the Code with respect to any Employee Benefit PlanCode.

Appears in 1 contract

Samples: Share Purchase Agreement (United Community Banks Inc)

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