Common use of Post-Termination Benefits Clause in Contracts

Post-Termination Benefits. Neither the Company nor any Employee Benefit Plan provides or has any obligation to provide (or contribute toward the cost of) post-employment or post-termination benefits of any kind, including, without limitation, death and medical benefits, with respect to any current or former officer, employee, agent, director or independent contractor of the Company, other than (a) continuation coverage mandated by Sections 601 through 608 of ERISA and Section 4980B(f) of the Code, (b) retirement benefits under any Employee Benefit Plan that is qualified under Section 401(a) of the Code, and (c) deferred compensation that is accrued as a current liability on the Company Balance Sheet.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Captaris Inc), Agreement and Plan of Merger (Advanced Digital Information Corp), Agreement and Plan of Merger (F5 Networks Inc)

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Post-Termination Benefits. Neither the Company nor any Employee Benefit Plan provides or has any obligation to provide (or contribute toward the cost of) post-employment or post-termination benefits of any kind, including, without limitation, death and medical benefits, with respect to any current or former officer, employee, agent, director or independent contractor of the Company, other than (ai) continuation coverage mandated by Sections 601 through 608 of ERISA and Section 4980B(f) of the CodeCode at the individual's own expense, (bii) retirement benefits under any Employee Benefit Plan that is qualified under Section 401(a) of the Code, and (ciii) deferred compensation that is accrued as a current liability on the Company Balance Sheet.

Appears in 1 contract

Samples: Asset Purchase Agreement (HouseValues, Inc.)

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Post-Termination Benefits. Neither the Company nor any Employee Benefit Plan provides or has any obligation to provide (or contribute toward the cost of) post-post- 18 employment or post-termination benefits of any kind, including, without limitation, death and medical benefits, with respect to any current or former officer, employee, agent, director or independent contractor of the Company, other than (a) continuation coverage mandated by Sections 601 through 608 of ERISA and Section 4980B(f) of the Code, (b) retirement benefits under any Employee Benefit Plan that is qualified under Section 401(a) of the Code, and (c) deferred compensation that is accrued as a current liability on the Company Closing Balance Sheet.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cobalt Group Inc)

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