Common use of Welfare Plans Clause in Contracts

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations other than as required by Section 4980B of the Code or other applicable laws.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Entercom Communications Corp), Asset Purchase Agreement (Sinclair Broadcast Group Inc), Asset Purchase Agreement (Sinclair Broadcast Group Inc)

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Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial material compliance with its terms and, both as to form and in operation, with in all material respects with the requirements prescribed by any and all material statutes, orders, rules and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do Seller does not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations Station other than as required by Section 4980B of the Code or other applicable lawsCode.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Oro Spanish Broadcasting Inc), Asset Purchase Agreement (Radio Unica Corp)

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules rules, and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Except as listed on Schedule 3.14(c), Sellers do not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations other than as required by Section 4980B of the Code or other applicable laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc)

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules rules, and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations Station other than as required by Section 4980B of the Code or other applicable laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc)

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do Ionatron does not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations Ionatron other than as required by Section 4980B of the Code or other applicable laws.

Appears in 1 contract

Samples: Plan and Agreement of Merger (Us Home & Garden Inc)

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules rules, and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do Seller does not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations Station other than as required by Section 4980B of the Code or other applicable laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc)

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules and regulations that are applicable to such plans, including ERISA and the Code. Neither Qualia nor any of its Subsidiaries sponsors, except where the failure to do so will not have a Material Adverse Effect. Sellers do not sponsor, maintainmaintains, or contribute contributes to any Welfare Plan that provides health or death benefits to former employees of the Stations Qualia or any of its Subsidiaries other than as required by Section 4980B of the Code or other applicable laws.

Appears in 1 contract

Samples: Escrow Agreement (Icad Inc)

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Welfare Plans. Each Welfare Plan complies currently is currently, and has been been, maintained in substantial compliance with its terms and, and both as to form and in operation, operation with all material requirements prescribed by any and all material statutes, orders, rules rules, and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations Station other than as required by Section 4980B of the Code or other applicable lawsCode.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc)

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do e2 does not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations e2 other than as required by Section 4980B of the Code or other applicable laws.

Appears in 1 contract

Samples: Plan and Agreement of Merger (E Synergies Inc)

Welfare Plans. Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules and regulations that are applicable to such plans, including ERISA and the Code. Neither USHG nor any of its Subsidiaries sponsors, except where the failure to do so will not have a Material Adverse Effect. Sellers do not sponsor, maintainmaintains, or contribute contributes to any Welfare Plan that provides health or death benefits to former employees of the Stations USHG or any of its Subsidiaries other than as required by Section 4980B of the Code or other applicable laws.

Appears in 1 contract

Samples: Plan and Agreement of Merger (Us Home & Garden Inc)

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