Common use of Retained Responsibilities Clause in Contracts

Retained Responsibilities. Sellers agree to satisfy, or cause its insurance carriers to satisfy, all claims for benefits, whether insured or otherwise (including, but not limited to, workers’ compensation, life insurance, medical and disability programs), under Sellers’ employee benefit programs brought by, or in respect of, Affected Employees and other employees and former employees of Sellers, which claims arise out of events occurring on or prior to the Closing Date, in accordance with the terms and conditions of such programs or applicable workers’ compensation statutes without interruption as a result of the employment by Buyer of any such employees after the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Oakmont Acquisition Corp.), Asset Purchase Agreement (Oakmont Acquisition Corp.)

AutoNDA by SimpleDocs

Retained Responsibilities. Sellers agree to Seller will satisfy, or cause its insurance carriers to satisfy, all claims for benefits, whether insured or otherwise (including, but not limited to, workers' compensation, life insurance, medical and disability programs), under Sellers’ Seller's employee benefit programs brought by, or in respect of, Affected Employees and other employees and former employees of SellersSeller, which claims arise out of events occurring on or prior to the Closing Date, in accordance with the terms and conditions of such these programs or applicable workers' compensation statutes without interruption as a result regardless of the employment by Buyer of any such these employees after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Laboratories Inc)

Retained Responsibilities. Sellers agree Seller agrees to satisfy, or cause its insurance carriers to satisfy, all claims for benefits, whether insured or otherwise (including, but not limited to, workers' compensation, life insurance, medical and disability programs, and accrued vacation), under Sellers’ Seller's employee benefit programs brought by, or in respect of, Affected Employees and other employees and former employees of Sellersthe Seller, which claims arise out of events occurring on or prior to the Closing Date, in accordance with the terms and conditions of such programs or applicable workers' compensation statutes without interruption as a result of the employment by Buyer Purchaser of any such employees after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynamic Materials Corp)

AutoNDA by SimpleDocs

Retained Responsibilities. Sellers agree Seller agrees to satisfy, or cause its insurance carriers to satisfy, all claims for benefits, whether insured or otherwise (including, but not limited to, workers' compensation, life insurance, medical and disability programs), under Sellers’ Seller's employee benefit programs brought by, or in respect of, Affected Employees and other employees and former employees of SellersSeller, which claims arise out of events occurring on or prior to the Closing Date, in accordance with the terms and conditions of such programs or applicable workers' compensation statutes without interruption as a result regardless of the employment by Buyer of any such employees after the Closing Date.

Appears in 1 contract

Samples: Non Competition Agreement (U S Laboratories Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.