Common use of Group Health Plans Clause in Contracts

Group Health Plans. The Borrowers and each Subsidiary (a) provide COBRA Continuation Coverage under group health plans for separating employees in accordance with the provisions of Code ss.4980B(f) and (b) are in compliance with the provisions of ss.1862(b)(1) of the Social Security Act.

Appears in 1 contract

Samples: Credit Agreement (Central Sprinkler Corp)

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Group Health Plans. The Borrowers Borrower and each Subsidiary (a) provide COBRA Continuation Coverage under group health plans for separating employees in accordance with the provisions of Section 4980B(f) of the Code ss.4980B(f) and (b) are in compliance with the provisions of ss.1862(b)(1Section 1862(b)(1) of the Social Security Act.

Appears in 1 contract

Samples: Loan and Security Agreement (Semitool Inc)

Group Health Plans. The Borrowers and each Subsidiary Each Company (a) provide provides COBRA Continuation Coverage under group health plans for separating employees in accordance with the provisions of Code ss.4980B(f) ), and (b) are is in compliance with the provisions of ss.1862(b)(1) of the Social Security Act.

Appears in 1 contract

Samples: Construction Loan Agreement (Central Sprinkler Corp)

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Group Health Plans. The Borrowers Borrower and each Subsidiary (a) provide COBRA Continuation Coverage under group health plans for separating employees in accordance with the provisions of Code ss.4980B(f) and ), (b) are in compliance with the provisions of ss.1862(b)(1) of the Social Security Act, and (c) are in compliance with the provisions of the Health Insurance Portability and Accountability Act of 1996.

Appears in 1 contract

Samples: Loan Agreement (Penn Engineering & Manufacturing Corp)

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