Common use of CAPACITY OF PERSONNEL AND STATUS OF FACILITIES Clause in Contracts

CAPACITY OF PERSONNEL AND STATUS OF FACILITIES. Whenever Parent utilizes its personnel to perform services for Company pursuant to this Agreement, such personnel shall at all times remain employees of Parent, and Parent shall alone retain full liability for their compensation, employee benefits, payroll deductions and legally required employer contributions and withholding tax obligations. No facility of Parent or its subsidiaries used in performing services for or subject to use by Company pursuant to this Agreement shall be deemed to be transferred, assigned, conveyed or leased by performance or use.

Appears in 4 contracts

Samples: Administrative Services Agreement (SBM Certificate Co), Administrative Services Agreement (Arm Financial Group Inc), Administrative Services Agreement (Arm Financial Group Inc)

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CAPACITY OF PERSONNEL AND STATUS OF FACILITIES. Whenever Parent utilizes its personnel to perform services for Company pursuant to this Agreement, such personnel shall at all times remain employees of be subject to Parent's direction and control, and Parent Company shall alone retain full have no liability to such personnel for their compensationwelfare, employee salaries, fringe benefits, payroll deductions and legally required employer contributions contributions, and withholding tax obligations. No facility of Parent or its subsidiaries used in performing services for or subject to use by Company pursuant to this Agreement shall be deemed to be transferred, assigned, conveyed conveyed, or leased by performance or useuse pursuant to this Agreement.

Appears in 1 contract

Samples: Investment Services Agreement (SBM Certificate Co)

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