Common use of Primary Obligor Clause in Contracts

Primary Obligor. The obligation to make payments and provide benefits under this section shall primarily be those of the Employee's Employer as of the date of the Employee's termination of employment. In the event the Employer is not Boardwalk, Boardwalk will cause such Employer to make required payments and provide required benefits. To the extent Boardwalk fails or is unable to do so, it shall make such payments and provide such benefits.

Appears in 2 contracts

Sources: Change in Control Agreement (Boardwalk Bancorp Inc), Change in Control Agreement (Boardwalk Bancorp Inc)