COBRA Obligations. (a) Buyer will be solely responsible for any obligations for continuation coverage under Section 4980B of the Tax Code and part 6 of Subtitle B of Title I of ERISA with respect to Transferee Employees.
Appears in 3 contracts
Samples: Asset Purchase Agreement (American Architectural Products Corp), Asset Purchase Agreement (American Architectural Products Corp), Asset Sale Agreement (American Architectural Products Corp)
COBRA Obligations. (a) Buyer will be solely responsible for any obligations for continuation coverage under Section 4980B of the Tax Code and part 6 of Subtitle B of Title I of ERISA with respect to Transferee Employees.
Appears in 1 contract
Samples: Master Transaction Agreement (Kaiser Group International Inc)
COBRA Obligations. (a) Buyer will be solely responsible for any obligations for continuation coverage under Section 4980B of the Tax Code and part 6 of Subtitle B of Title I of ERISA with respect to Transferee Hired Employees.
Appears in 1 contract
Samples: Asset Sale Agreement (American Architectural Products Corp)
COBRA Obligations. (a) Buyer will shall be solely responsible for any obligations for continuation coverage under Section 4980B of the Tax Code and part 6 of Subtitle B of Title I of ERISA with respect to Transferee EmployeesEmployees of the Business.
Appears in 1 contract
Samples: Master Transaction Agreement (Kaiser Group International Inc)
COBRA Obligations. (a) Buyer will be solely responsible for any obligations for continuation coverage under Section 4980B of the Tax Code and part 6 of Subtitle B of Title I of ERISA with respect to Transferee Employees., provided that Seller shall be solely responsible for notifying Transferee Employees of their right to such continuation coverage in accordance with Sections 4980B(f)(6) of the Tax Code and 606(a)(4)
Appears in 1 contract
Samples: Asset Purchase Agreement (American Architectural Products Corp)
