Common use of Absence of Certain Retiree Liabilities Clause in Contracts

Absence of Certain Retiree Liabilities. No Acquired Company Employee Plan provides (except at no cost to any Acquired Company), or reflects or represents any liability of any Acquired Company to provide, retiree life insurance, retiree health benefits or other retiree employee welfare benefits to any Person for any reason, except as may be required by applicable Legal Requirements. Other than commitments made that involve no future costs to any Acquired Company, no Acquired Company has ever represented, promised or contracted (whether in oral or written form) to any Acquired Company Employee (either individually or to Acquired Company Employees as a group) or any other Person that such Acquired Company Employee(s) or other person would be provided with retiree life insurance, retiree health benefit or other retiree employee welfare benefits, except to the extent required by applicable Legal Requirements.

Appears in 2 contracts

Samples: Merger Agreement (Yelp Inc), Merger Agreement (Yelp Inc)

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Absence of Certain Retiree Liabilities. No Acquired Company Employee Plan or Acquired Company Employee Agreement provides (except at no cost to any Acquired Company), or reflects ) or represents any liability Liability of any Acquired Company to provide, retiree life insurance, retiree health benefits or other retiree employee welfare benefits coverage to any Person for any reason, except as may be required by applicable Legal Requirements. Other than commitments made that involve no future costs to any Acquired Company, no Acquired Company has ever represented, promised or contracted (whether in oral or written form) to any Acquired Company Employee employee (either individually or to Acquired Company Employees employees as a group) or any other Person that such Acquired Company Employee(semployee(s) or other person would be provided with retiree life insurance, retiree health benefit or other retiree employee welfare benefitsbenefits coverage, except to the extent required by applicable Legal Requirements.

Appears in 1 contract

Samples: Share Purchase Agreement (Tenable Holdings, Inc.)

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Absence of Certain Retiree Liabilities. No Acquired Company Employee Plan provides (except at no cost to any Acquired Company), or reflects or represents any liability Liability of any Acquired Company to provide, retiree life insurance, retiree health benefits or other retiree employee welfare benefits to any Person for any reason, except as may be required by applicable Legal Requirements. Other than commitments made that involve no future costs to any Acquired Company, no Acquired Company has ever represented, promised or contracted (whether in oral or written form) to any Acquired Company Employee employee (either individually or to Acquired Company Employees employees as a group) or any other Person that such Acquired Company Employee(semployee(s) or other person would be provided with retiree life insurance, retiree health benefit or other retiree employee welfare benefits, except to the extent required by applicable Legal Requirements.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Churchill Downs Inc)

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