Common use of Retiree Benefits Clause in Contracts

Retiree Benefits. No Covered Person or ERISA Affiliate of such Covered Person has an obligation to provide any Person with any medical, life insurance, or similar benefit following such Person's retirement or termination of employment (or to such Person's beneficiary subsequent to such Person's death) which has or is reasonably likely to have a Material Adverse Effect on any Covered Person.

Appears in 4 contracts

Samples: Loan Agreement (Angelica Corp /New/), Loan Agreement (Angelica Corp /New/), Loan Agreement (Layne Christensen Co)

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Retiree Benefits. No Covered Person or ERISA Affiliate of such Covered Person has an obligation to provide any Person with any medical, life insurance, or similar benefit following such Person's retirement or termination of employment (or to such Person's beneficiary subsequent to such Person's death) which has or is reasonably likely other than (i) such benefits provided to have a Material Adverse Effect on any Covered Persons at such Person's sole expense and (ii) obligations under COBRA.

Appears in 4 contracts

Samples: Loan Agreement (Young Innovations Inc), Loan Agreement (Davel Communications Group Inc), Credit Agreement (Osullivan Industries Holdings Inc)

Retiree Benefits. No Covered Person or ERISA Affiliate of such Covered Person has an obligation to provide any Person with any medical, life insurance, or similar benefit following such Person's retirement or termination of employment (or to such Person's beneficiary subsequent to such Person's death) which has other than (i) such benefits provided to Persons at such Person's sole expense and (ii) obligations under COBRA or is reasonably likely to have a Material Adverse Effect on any Covered Personcomparable state Law.

Appears in 1 contract

Samples: Credit Facilities Agreement (Young Innovations Inc)

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Retiree Benefits. No Covered Person or ERISA Affiliate of such Covered Person has an obligation to provide any Person with any medical, life insurance, or similar benefit following such Person's retirement or termination of employment (or to such Person's beneficiary subsequent to such Person's death) ), including obligations under COBRA, which has if enforced or collected, is reasonably likely to have a Material Adverse Effect on any Covered PersonEffect.

Appears in 1 contract

Samples: Loan Agreement (Centene Corp)

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