Compliance with COBRA. Notwithstanding anything herein to the contrary, to the extent required by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA") or applicable state law, any employee of Seller terminated by Seller as a result of this transaction shall be entitled to continued coverage which shall be administered by Seller and the required notices concerning this coverage will be provided by Seller.
Compliance with COBRA. The Seller and all member of the Group have complied with all notice and continuation of health care coverage requirements under Section 4980B of the Code and Part 6 of Title I of ERISA or any applicable state law.
Compliance with COBRA. The Purchaser will not be subject to any Liability, nor will the Purchaser incur any costs or expenses of any kind in connection with claims of former employees of the Seller or its business, under the provisions of 29 U.S.C. Sections 1161-1168, as same may have been amended from time to time prior to the date hereof, and the regulations and rulings thereunder (“COBRA”). The Seller represents that it has complied with COBRA and its requirements in all material respects.
Compliance with COBRA. 37 ARTICLE IX CONDITIONS TO CLOSING...............................................37 Section 9.01 Conditions to the Obligations of Seller...............37 Section 9.02 Conditions to the Obligations of Buyer................38 Section 9.03 Condition to the Obligations of Seller and Buyer......42 ARTICLE X INDEMNIFICATION ....................................................42 Section 10.01 Indemnification by Seller and Sobieski................42 Section 10.02 Indemnification by Buyer..............................43
Compliance with COBRA. With respect to any Plan that is a group --------------------- health plan within the meaning of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and regulations thereunder ("COBRA"), neither the Company nor the Subsidiary has taken (or failed to take) any action, and, to the knowledge of the Company the Subsidiary and the Founders, no action or event or omission has occurred, that could cause the Company or the Subsidiary to incur any material liability under applicable law on account of a failure to comply with the continuation coverage requirements of COBRA or any applicable state law.
Compliance with COBRA. You and your third party administrator (if applicable) are solely responsible for monitoring and complying with legal developments applicable to your COBRA compliance and related obligations, and interpreting applicable federal, state and local statutes, codes, ordinances, laws regulations, rules orders and decrees of all federal, state and local authorities (collectively, “Government Requirements”), and determining the requirements for compliance with all such applicable Governmental Requirements, and maintaining an ongoing compliance program. You agree that we have no responsibility to monitor or interpret Governmental Requirements applicable to your and your clients’ (as applicable) COBRA compliance, or to assure that your selection of any system option or programming (either alone or acting in conjunction with other system options and programming selected by you) are consistent with Governmental Requirements applicable to you and your clients (as applicable), or the terms and conditions of your COBRA compliance program. For those of our customers for which we provide “COBRA BPO” services, our obligations and yours are governed by the Services Agreement between us.
Compliance with COBRA. Section 4.9.7
Compliance with COBRA. Except as required by Law, no Company Benefit Plan provides any of the following retiree or post-employment benefits to any Person: medical, disability or life insurance benefits. No Company Benefit Plan is a voluntary employee benefit association under Section 501(a)(9) of the Code. The Company and each ERISA Affiliate are in material compliance with (A) the requirements of the applicable health care continuation and notice provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended and the regulations (including proposed regulations) thereunder and any similar state law and (B) the applicable requirements of the Health Insurance Portability and Accountability Act of 1996, as amended, and the regulations (including the proposed regulations) thereunder.
Compliance with COBRA. Each Institution acknowledges that it is aware of and agrees to comply with the requirements of the Consolidated Omnibus Budget Reconciliation Action of 1985, as amended, as it relates to patient transfers.
