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.
Appears in 3 contracts
Samples: Purchase and Assumption Agreement (MFB Corp), Purchase and Assumption Agreement (Harrington Financial Group Inc), Purchase and Assumption Agreement (Sobieski Bancorp Inc)
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 that shall be administered by Seller and the required notices concerning this coverage will be provided by Seller.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Harrington Financial Group Inc), Purchase and Assumption Agreement (Harrington West Financial Group Inc/Ca)
Compliance with COBRA. Notwithstanding anything herein to the contrary, to the extent required by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("βCOBRA"β) or applicable state law, any employee of Seller Branch Employee terminated by Seller as a result of this transaction the transactions contemplated hereby shall be entitled to continued coverage which shall be administered by Seller Seller, and the required notices concerning this such coverage will shall be provided by Seller.
Appears in 1 contract
Samples: Branch Purchase and Assumption Agreement (United Pan Am Financial Corp)
