Common use of ’ Compensation Liabilities Clause in Contracts

’ Compensation Liabilities. (a) Except as provided below, all workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an IAC Employee, Former IAC Employee, SpinCo Employee or Former SpinCo Employee that results from an accident occurring, or from an occupational disease which becomes manifest, before the Distribution Date shall be retained by IAC. (b) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an IAC Employee or Former IAC Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by IAC. (c) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a TM Employee or Former TM Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by TM. (d) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an Interval Employee or Former Interval Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by Interval. (e) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an HSN Employee or Former HSN Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by HSN. (f) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a Tree Employee or Former Tree Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by Tree. For purposes of this Agreement, a compensable injury shall be deemed to be sustained upon the occurrence of the event giving rise to eligibility for workers’ compensation benefits or at the time that an occupational disease becomes manifest, as the case may be. The Parties shall cooperate with respect to any notification to appropriate governmental agencies of the Effective Time and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and claims handling contracts.

Appears in 4 contracts

Samples: Employee Matters Agreement (Interval Leisure Group, Inc.), Employee Matters Agreement (HSN, Inc.), Employee Matters Agreement (Tree.com, Inc.)

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’ Compensation Liabilities. (a) Except as provided below, all workers' compensation Liabilities relating to, arising out of, or resulting from any claim by an IAC a Parent Employee, Former IAC Parent Employee, SpinCo Xxxxx Xxxxxxx Employee or and Former SpinCo Xxxxx Xxxxxxx Employee that results from an accident occurring, or from an occupational disease which becomes manifest, before the Close of the Distribution Date shall be retained by IAC. (b) Parent; provided, however, that all amounts payable by Parent relating to, arising out of or resulting from any such claim by a Xxxxx Xxxxxxx Employee shall be deemed to be a Xxxxx Xxxxxxx Liability for purposes of the Insurance Matters Agreement and shall be paid by Parent or Xxxxx Xxxxxxx as set forth in the Insurance Matters Agreement. All workers' compensation Liabilities relating to, arising out of, or resulting from any claim by an IAC a Parent Employee, Former Parent Employee or Former IAC Xxxxx Xxxxxxx Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by IAC. (c) Parent. All workers' compensation Liabilities relating to, arising out of, or resulting from any claim by a TM Employee or Former TM Xxxxx Xxxxxxx Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by TM. (d) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an Interval Employee or Former Interval Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by Interval. (e) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an HSN Employee or Former HSN Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by HSN. (f) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a Tree Employee or Former Tree Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by TreeXxxxx Xxxxxxx. For purposes of this Agreement, a compensable injury shall be deemed to be sustained upon the occurrence of the event giving rise to eligibility for workers' compensation benefits or at the time that an occupational disease becomes manifest, as the case may be. The Parties Parent, Xxxxx Xxxxxxx and the other Xxxxx Xxxxxxx Entities shall cooperate with respect to any notification to appropriate governmental agencies of the Effective Time Distribution and the issuance of new, or the transfer of existing, workers' compensation insurance policies and claims handling contracts.

Appears in 3 contracts

Samples: Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies)

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’ Compensation Liabilities. (a) Except as provided below, all workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an IAC Employee, Former IAC Employee, SpinCo Employee or Former SpinCo Employee that results from an accident occurring, or from an occupational disease which becomes manifest, before the Distribution Date shall be retained by IAC. (b) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an IAC Employee or Former IAC Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by IAC. (c) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a TM Employee or Former TM Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by TM. (d) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an Interval Employee or Former Interval Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by Interval. (e) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by an HSN Employee or Former HSN Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by HSN. (f) All workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by a Tree Employee or Former Tree Employee that results from an accident occurring, or from an occupational disease which becomes manifest, on or after the Distribution Date shall be retained by Tree. For purposes of this Agreement, a compensable injury shall be deemed to be sustained upon the occurrence of the event giving rise to eligibility for workers’ compensation benefits or at the time that an occupational disease becomes manifest, as the case may be. The Parties shall cooperate with respect to any notification to appropriate governmental agencies of the Effective Time effective time and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and claims handling contracts.

Appears in 1 contract

Samples: Employee Matters Agreement (Ticketmaster)

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