Common use of Continuation Obligations Clause in Contracts

Continuation Obligations. Seller shall be solely responsible for satisfying any employee benefit continuation obligations Seller may have before or after the Closing Date relating to "qualifying events" (as defined in Section 603 of ERISA) occurring on or prior to the Closing Date with respect to the Employees of the Business, or former Employees of the Business and their beneficiaries under its Welfare Plans, Sections 601 through 609 of ERISA and any applicable state law, as a result of the transactions contemplated by this Agreement or otherwise.

Continuation Obligations. Seller shall be solely responsible for satisfying any employee benefit continuation obligations Seller may have before or after the Closing Date relating to "qualifying events" (as defined in Section 603 of ERISA) occurring on or prior to the Closing Date with respect to the Employees of the Businessits employees, or former Employees of the Business employees and their beneficiaries under its Welfare Plans, Sections 601 through 609 of ERISA and any applicable state law, as a result of the transactions contemplated by this Agreement or otherwise.

Continuation Obligations. Seller shall be solely responsible for satisfying any employee employee-benefit continuation obligations which Seller may have before or after the Closing Date relating to "“qualifying events" ” (as that term is defined in ERISA Section 603 of ERISA603) occurring on or prior to the Closing Date with respect to the Employees employees of the Business, VAR Business or former Employees employees of the VAR Business and their beneficiaries under its Welfare Planswelfare plans, ERISA Sections 601 through 609 of ERISA and 609, or any applicable state law, as a result of the transactions contemplated by this Agreement Contemplated Transactions or otherwise.