Common use of Workers’ Compensation Liabilities Clause in Contracts

Workers’ Compensation Liabilities. As of the Closing Date, Buyer will cause the Company and the Subsidiaries to assume (or reimburse Aon for) all liabilities and obligations relating to compensation and benefits under any state workers’ compensation or similar law payable following the Closing Date to or with respect to any employee or former employee of the Company or any of the Subsidiaries who was employed by the Company or the Subsidiaries on the date the claim arose or the incident on which the claim is based occurred.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Aon Corp), Stock Purchase Agreement (Ace LTD)

Workers’ Compensation Liabilities. As of the Closing Date, Buyer will assume, cause the Company and the Subsidiaries its Affiliate to assume (assume, or reimburse Aon Seller Parent for) , all liabilities and obligations relating to compensation and benefits under any state workers’ compensation or similar law Requirement of Law payable following the Closing Date to or with respect to any employee current or former employee U.S. Business Employee who was providing services primarily to or on behalf of the Company or any of the Subsidiaries who was employed by the Company or the Subsidiaries Business on the date the claim arose or the incident on which the claim is based occurred.

Appears in 1 contract

Sources: Purchase Agreement (Aon PLC)

Workers’ Compensation Liabilities. As of the Closing Date, Buyer will assume, cause the Company and the Subsidiaries its Affiliate to assume (assume, or reimburse Aon Seller for) , all liabilities and obligations relating to compensation and benefits under any state workers’ compensation or similar law Law payable following the Closing Date to or with respect to any employee current or former employee Business Employee who was providing services in support of the Company or any of the Subsidiaries who was employed by the Company or the Subsidiaries Business on the date the claim arose or the incident on which the claim is based occurred.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Unitil Corp)

Workers’ Compensation Liabilities. As of the Closing Date, Buyer will cause the Company Companies and the Subsidiaries to assume (or reimburse Aon for) all liabilities and obligations relating to compensation and benefits under any state workers’ compensation or similar law payable following the Closing Date to or with respect to any employee or former employee of the Company Companies or any of the Subsidiaries who was employed by the Company or the Subsidiaries on the date the claim arose or the and which arise as a result of an incident on which the claim is based occurredthat occurs on or after the Closing Date.

Appears in 1 contract

Sources: Stock Purchase Agreement (Aon Corp)