Common use of Health Plans Clause in Contracts

Health Plans. All group health plans of the Company, each Subsidiary of the Company and any ERISA Affiliate have been operated in compliance in all material respects with the group health plan continuation coverage requirements of Section 4980B of the Code. Except as required under Section 4980B of the Code or as provided in the Company's Employee Severance Plan, neither the Company, any Subsidiary of the Company nor any ERISA Affiliate has any obligation to provide health benefits to any employee following termination of employment.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (International Paper Co /New/), Agreement and Plan of Merger (International Paper Co /New/), Agreement and Plan of Merger (Shorewood Packaging Corp)

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Health Plans. All group health plans of the Company, each Subsidiary of the Company and any ERISA Affiliate have been operated in compliance in all material respects with the group health plan continuation coverage requirements of Section 4980B of the Code. Except as required under Section 4980B of the Code or as provided in the Company's Employee Severance PlanCode, neither the Company, any Subsidiary of the Company nor any ERISA Affiliate has any obligation to provide health benefits to any employee following termination of employment.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Infogrames Inc), Stock Purchase Agreement (Interplay Entertainment Corp)

Health Plans. All group health plans of the Company, each Subsidiary of the Company and any ERISA Affiliate have been operated in compliance in all material respects with the group health plan continuation coverage requirements of Section 4980B of the Code. Except as required under Section 4980B of Code to the Code or as provided in the Company's Employee Severance Plan, neither the Company, any Subsidiary of the Company nor any ERISA Affiliate has any obligation to provide health benefits to any employee following termination of employmentextent such requirements are applicable.

Appears in 2 contracts

Samples: Stock Purchase Agreement (General Inspection Laboratories Inc), Stock Purchase Agreement (Watkins Johnson Co)

Health Plans. All group health plans of the Company, each any Subsidiary of the Company and any ERISA Affiliate have been operated in material compliance in all material respects with the group health plan continuation coverage requirements of Section 4980B of the CodeCode and Sections 601 to 606 of ERISA, and the portability and coverage crediting requirements of Sections 701 to 702 of ERISA, to the extent such requirements are applicable. Except as required under Section 4980B of This representation does not include any non-compliance resulting from the Code or as provided U.S. Supreme Court decision in the Company's Employee Severance Plan, neither the Company, any Subsidiary of the Company nor any ERISA Affiliate has any obligation to provide health benefits to any employee following termination of employmentGEISSAL X. XXXXX MEDICAL CORP. (1998).

Appears in 1 contract

Samples: Stock Purchase and Contribution Agreement (Western Investment Real Estate Trust)

Health Plans. All group health plans of the Company, each Subsidiary of the Company and any ERISA Affiliate have been operated in compliance in all material respects with the group health plan continuation coverage requirements of Section 4980B of the Code. Except as required under Section 4980B of Code to the Code or as provided in the Company's Employee Severance Plan, neither the Company, any Subsidiary of the Company nor any ERISA Affiliate has any obligation to provide health benefits to any employee following termination of employmentextent such requirements are applicable.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Zenith National Insurance Corp)

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Health Plans. All group health plans of the Company, each any Subsidiary of the Company and any ERISA Affiliate have been operated in compliance in all material respects with the group health plan continuation coverage requirements of Section 4980B of the CodeCode or similar state laws to the extent such requirements are applicable. Except as required under disclosed in Schedule 2.17(c), and except for the continuation coverage requirements of Section 4980B of the Code or as provided in Code, the Company's Employee Severance Plancorresponding provisions of ERISA and similar provisions of state law, neither the Company, Company nor any Subsidiary has any liability for benefits to employees following retirement or other termination of employment under any of the Company nor any ERISA Affiliate has any obligation to provide Benefit Plans that are group health benefits to any employee following termination of employmentplans.

Appears in 1 contract

Samples: Stock Purchase Agreement (Euronet Worldwide Inc)

Health Plans. All group health plans of the CompanyCompanies, each any ------------ Subsidiary of the Company and any ERISA Affiliate have been operated in compliance in all material respects in compliance with the group health plan continuation coverage requirements of Section 4980B of the Code. Except as required under 162(k) and Section 4980B of the Code or as provided in to the Company's Employee Severance Plan, neither the Company, any Subsidiary of the Company nor any ERISA Affiliate has any obligation to provide health benefits to any employee following termination of employmentextent such requirements are applicable.

Appears in 1 contract

Samples: Stock Purchase Agreement (Wyle Electronics)

Health Plans. All group health plans of the Company, each Subsidiary of the Company and any ERISA Affiliate have been operated in material compliance in all material respects with the group health plan continuation coverage requirements of Section 4980B of the Code. Except as required under Section 4980B of the Code or as provided in the Company's Employee Severance PlanCode, neither the Company, any Subsidiary of the Company nor any ERISA Affiliate has any obligation to provide health benefits to any employee following termination of employment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Webmd Corp /New/)

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