Examples of IRC Section 4980B in a sentence
The Executive will also be entitled to continuation coverage pursuant to IRC Section 4980B, ERISA Section 601-608 and under any other law applicable to the Executive as of the Date of Termination.
Borrower has timely provided all health care continuation coverage required under IRC Section 4980B, and has timely notified all employees, as required by §4980B, of the right to elect health care continuation coverage.
Satisfy any obligations it may have to the Senior Officer under the terms and conditions of the Plans, including, without limitation, the rights of the Senior Officer to continuation of health plan coverage under IRC Section 4980B (COBRA).
Section 54.4980B-9; the "Treasury Regulation") as a result of the transactions contemplated by this Agreement (collectively, "Transaction M&A Qualified Beneficiaries"), and, Parent shall provide continuation coverage required under IRC Section 4980B and/or Part 6 of Title I of ERISA to each Transaction M&A Qualified Beneficiary.
In particular, Elavon shall not assume liability for any group health continuation coverage or coverage rights under IRC Section 4980B and ERISA Section 606 which exist as of the Closing Date or the Effective Date or which may arise in connection with any Merchant Business Employee or any Employee Benefit Plan.
At such time as Company shall no longer maintain a Company Plan subject to COBRA, Parent shall provide, or cause to be provided, notice and continuation coverage required under IRC Section 4980B and/or Part 6 of Title I of ERISA to each person who is a "M&A qualified beneficiary" (within the meaning of Prop.
Each of the CBES Employee Plans which is a group health plan within the meaning of IRC Section 5000(b)(1) is in compliance with the continuation of health care coverage requirements contained in IRC Section 4980B and ERISA Section 601 et seq.
Except as set forth on Schedule 3.13.1, only current employees of Company participate in the Plans, except as required by I.R.C. Section 4980B and/or ERISA Section 601-609.
If this Agreement is terminated for any reason, CLIENT shall take all necessary action to replace health care coverage for Assigned Employees covered by this Agreement so as to avoid the implication of a qualifying event as defined by Internal Revenue Code ("IRC") Section 4980B.
Further, the National Testing Centre (NTC) is expected to introduce sample-based measurements of basic education learning achievements starting in 2015/2016, and the MOE will monitor these closely as well.