Common use of Constar Assumption of Liabilities Clause in Contracts

Constar Assumption of Liabilities. Except as specifically provided otherwise in this Agreement, Constar shall, on behalf of itself and its Subsidiaries, assume, or cause another member of the Constar Group to assume (i) all Liabilities related to Active Constar Employees and Former Constar Employees incurred in connection with their employment by the Constar Group (or the predecessor of any member of such Group) or the Crown Group (or the predecessor of any member of such Group) prior to the Closing Date; (ii) all Liabilities related to Active Constar Employees and Former Constar Employees arising on or after the Closing Date relating to employment with any member of the Constar Group; and (iii) all other Liabilities related to, arising out of, or resulting from obligations, liabilities and responsibilities assumed or retained by Constar or any member of the Constar Group under this Agreement or a Plan sponsored or maintained by any member of the Constar Group.

Appears in 6 contracts

Samples: Benefits Allocation Agreement, Benefits Allocation Agreement, Benefits Allocation Agreement (Constar Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.