Common use of Continuation of Coverage; COBRA Clause in Contracts

Continuation of Coverage; COBRA. The group health plans (as defined in Section 4980B(g) of the Code) that benefit Business Employees are in compliance, in all material respects, with the continuation coverage requirements of Section 4980B of the Code. There are no material outstanding, uncorrected violations under COBRA with respect to any of the Employee Plans that could materially adversely affect the Business or the Purchased Assets after the Closing Date.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Neoforma Inc), Asset Purchase Agreement (I Many Inc)

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Continuation of Coverage; COBRA. The group health plans (as defined in Section 4980B(g) of the Code) that benefit employees of the Blaze Business Employees are in compliance, in all material respects, with the continuation coverage requirements of Section 4980B of the Code. There As of the Closing Date, there are no material outstanding, uncorrected violations under COBRA the Consolidation Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), with respect to any of the Employee Plans that could materially adversely affect the Blaze Business or the Purchased Assets after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (HNC Software Inc/De)

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Continuation of Coverage; COBRA. The group health plans (as defined in Section 4980B(g) of the Code) that benefit employees of the Consulting Business Employees are in compliance, in all material respects, with the continuation coverage requirements of Section 4980B of the Code. There As of the Closing Date, there are no material outstanding, uncorrected violations under COBRA the Consolidation Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"), with respect to any of the Employee Plans that could materially adversely affect the Consulting Business or the Purchased Assets after the Closing Date.

Appears in 1 contract

Samples: Asset Purchase Agreement (Primix)

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