Common use of ’ Compensation Liabilities Clause in Contracts

’ Compensation Liabilities. All workers' compensation liabilities that are outstanding as of the Close of the Distribution Date or that become outstanding following the Close of the Distribution Date and that relate to, arise out of, or result from any claim by an ElderCare Individual, which claim results from an accident occurring, or from an occupational disease which becomes manifest, before, on or following the Distribution Date and while such ElderCare Individual was employed by ElderCare or another ElderCare Entity shall be assumed or retained by ElderCare. Parent, ElderCare, the Parent Entities and the other ElderCare Entities shall cooperate with respect to any notification to appropriate governmental agencies of the Distribution and the issuance of new, or the transfer of existing, workers' compensation insurance policies and claims handling contracts.