Common use of Group Health Plans Clause in Contracts

Group Health Plans. Seller acknowledges that it will be responsible for providing COBRA notices and applicable COBRA coverage for those Employees employed in the Business as of the Closing to the extent required by the Department of Treasury regulation Section 54.4980B-9.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (MFC Development Corp)

Group Health Plans. Seller acknowledges that it will be responsible for providing COBRA notices and applicable COBRA coverage for those Business Employees employed in the Business as of the Closing to the extent required by the Department of Treasury regulation Section 54.4980B-9).

Appears in 1 contract

Sources: Asset Purchase Agreement (Intermix Media, Inc.)