Common use of Controlled Group; Affiliated Service Group; Leased Employees Clause in Contracts

Controlled Group; Affiliated Service Group; Leased Employees. Seller is not and never has been a member of a controlled group of corporations as defined in Section 414(b) of the Code or in common control with any unincorporated trade or business as determined under Section 414(c) of the Code. Seller is not and never has been a member of an "affiliated service group" within the meaning of Section 414(m) of the Code. There are not and never have been any leased employees within the meaning of Section 414(n) of the Code who perform services for Seller, and no individuals are expected to become leased employees with the passage of time.

Appears in 1 contract

Samples: Asset Purchase Agreement (Keith Companies Inc)

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Controlled Group; Affiliated Service Group; Leased Employees. Seller is not and never has been a member of a controlled group of corporations as defined in Section 414(b) of the Code or in common control with any unincorporated trade or business as determined under Section 414(c) of the Code. Seller is not and never has been a member of an "β€œaffiliated service group" ” within the meaning of Section 414(m) of the Code. There are not and never have been any leased employees within the meaning of Section 414(n) of the Code who perform services for Seller, and no individuals are expected to become leased employees with the passage of time.

Appears in 1 contract

Samples: Asset Purchase Agreement (Entrade Inc)

Controlled Group; Affiliated Service Group; Leased Employees. Seller is not and never has been a member of a controlled group of corporations as defined in Section 414(b) of the Code or in common control with any unincorporated trade or business as determined under Section 414(c) of the Code. Seller is not and never has been a member of an "affiliated service group" within the meaning of Section 414(m) of the Code. There are not and never have been any leased employees within the meaning of Section 414(n) of the Code who perform services for Seller, and no individuals are expected to become leased employees with the passage of timeemployees.

Appears in 1 contract

Samples: Asset Purchase Agreement (Zitel Corp)

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Controlled Group; Affiliated Service Group; Leased Employees. Seller is not and never has been a member of a controlled group of corporations as defined in Section 414(b) of the Code or in common control with any unincorporated trade or business as determined under Section 414(c) of the Code. Seller is not and never has been a member of an "affiliated service group" within the meaning of Section 414(m) of the ------------------------- Code. There are not and never have been any leased employees within the meaning of Section 414(n) of the Code who perform services for Seller, and no individuals are expected to become leased employees with the passage of time.

Appears in 1 contract

Samples: Asset Purchase Agreement (Keith Companies Inc)

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