Common use of Benefits Liabilities Clause in Contracts

Benefits Liabilities. From and after the Closing Date, Seller shall (i) sponsor and (ii) assume or retain, as the case may be, and be solely responsible for all Benefits Liabilities relating to Designated Employees arising under, resulting from or relating to any Employee Plans whether incurred before, on or after the Closing Date.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Sirenza Microdevices Inc), Asset Purchase Agreement (Sirenza Microdevices Inc), Asset Purchase Agreement (Vari L Co Inc)

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Benefits Liabilities. From and after the Closing Date, Seller and any of its Affiliates shall (i) sponsor and (ii) assume or retain, as the case may be, and be solely responsible for all Benefits Liabilities relating to Designated Employees arising under, resulting from or relating to any the Seller Employee Plans whether incurred before, on or after the Closing DateClosing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Interwave Communications International LTD)

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Benefits Liabilities. From and after the Closing Date, except as otherwise agreed to by Buyer and Seller pursuant to a written agreement, Seller shall (i) sponsor and (ii) assume or retain, as the case may be, and be solely responsible for all Benefits Liabilities relating to Designated Employees its employees and former employees arising under, resulting from or relating to any Employee Plans whether incurred before, on or after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Previo Inc)

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