Common use of Benefits; Miscellaneous Clause in Contracts

Benefits; Miscellaneous. Notwithstanding any provision of this Agreement to the contrary, the Seller Group shall retain the obligation for, and shall satisfy, payment of all covered medical, dental, life insurance and long-term disability claims commenced or expenses incurred by any Transferred Employee prior to the applicable Transfer Time under Section 14.4 for such Employee, and neither the Buyer nor Buyer’s Affiliates shall assume or be responsible for any liability with respect to such claims. Buyer and Buyer’s Affiliates shall not be liable for any obligations of Seller Group arising out of participation by Transferred Employees in the employee benefit plans of Seller Group. All obligations described in this Section 14.11 shall be referred to as the “Seller Employee Benefit Obligations.”

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

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Benefits; Miscellaneous. Notwithstanding any provision of this Agreement to the contrary, the Seller Group shall retain the obligation for, and shall satisfy, payment of all covered medical, dental, life insurance and long-long term disability claims commenced or expenses incurred by any Transferred Employee prior to the applicable Transfer Time under Section 14.4 for such Employee, and neither the Buyer Purchaser nor BuyerPurchaser’s Affiliates shall assume or be responsible for any liability with respect to such claims. Buyer Purchaser and BuyerPurchaser’s Affiliates shall not be liable for any obligations of Seller Group arising out of participation by Transferred Employees in the employee benefit plans of Seller Group. All obligations described in this Section 14.11 shall be referred to as the “Seller Employee Benefit Obligations.

Appears in 1 contract

Samples: Gathering and Processing Agreement (Eagle Rock Energy Partners L P)

Benefits; Miscellaneous. Notwithstanding any provision of this Agreement to the contrary, the Seller Group shall retain the obligation for, and shall satisfy, payment of all covered medical, dental, life insurance and long-term disability claims commenced or expenses incurred by any Transferred Employee prior to the applicable Transfer Time under Section 14.4 for such Employee, and neither the Buyer Purchaser nor BuyerPurchaser’s Affiliates shall assume or be responsible for any liability with respect to such claims. Buyer Purchaser and BuyerPurchaser’s Affiliates shall not be liable for any obligations of Seller Group arising out of participation by Transferred Employees in the employee benefit plans of Seller Group. All obligations described in this Section 14.11 shall be referred to as the “Seller Employee Benefit Obligations.”

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

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Benefits; Miscellaneous. Notwithstanding any provision of this Agreement to the contrary, the Seller Group shall retain the obligation for, and shall satisfy, payment of all covered medical, dental, life insurance and long-term disability claims commenced or expenses incurred by any Transferred Employee prior to the applicable Transfer Time under Section 14.4 for such Employee, and neither the Buyer nor Buyer’s Affiliates shall assume or be responsible for any liability with respect to such claims. Buyer and BuyerXxxxx’s Affiliates shall not be liable for any obligations of Seller Group arising out of participation by Transferred Employees in the employee benefit plans of Seller Group. All obligations described in this Section 14.11 shall be referred to as the “Seller Employee Benefit Obligations.”

Appears in 1 contract

Samples: Purchase and Sale Agreement

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