Common use of Employee Benefits; Employees Clause in Contracts

Employee Benefits; Employees. (a) Except as set forth in Schedule 3.13(a), as of the applicable Closing Date, none of the Companies nor any of their respective ERISA Affiliates has any (i) "employee benefit plans", as defined in Section 3(3) of ERISA, or (ii) incentive, profit-sharing, stock option, stock purchase, other equity-based, employment, consulting, compensation, vacation or other leave, change in control, retention, supplemental retirement, severance, health, medical, disability, life insurance, deferred compensation and other employee compensation and benefit plans, programs, policies, agreements, arrangements and practices, in each case established or maintained by Seller or any of its ERISA Affiliates or to which Seller or any of its ERISA Affiliates contributed or is obligated to contribute thereunder, for the benefit of any of the current or former employees or independent contractors of any of the Companies or of their respective ERISA Affiliates (collectively, the "Benefit Plans").

Appears in 2 contracts

Samples: Stock Purchase Agreement (Brookdale Senior Living Inc.), Stock Purchase Agreement (Provident Senior Living Trust)

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Employee Benefits; Employees. (a) Except as set forth in Schedule 3.13(a), as of the applicable Closing Date, none of the Companies nor any of Company, the Company Subsidiaries and their respective ERISA Affiliates has any (i) "employee benefit plans", as defined in Section 3(3) of ERISA, or (ii) incentive, profit-sharing, stock option, stock purchase, other equity-based, employment, consulting, compensation, vacation or other leave, change in control, retention, supplemental retirement, severance, health, medical, disability, life insurance, deferred compensation and other employee compensation and benefit plans, programs, policies, agreements, arrangements and practices, in each case established or maintained by Seller or any of its ERISA Affiliates or to which Seller or any of its ERISA Affiliates contributed or is obligated to contribute thereunder, for the benefit of any of the current or former employees or independent contractors of any of the Companies or of Company, the Company Subsidiaries and their respective ERISA Affiliates (collectively, the "Benefit Plans").

Appears in 2 contracts

Samples: Stock Purchase Agreement (Brookdale Senior Living Inc.), Stock Purchase Agreement (Provident Senior Living Trust)

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Employee Benefits; Employees. (a) Except as set forth in Schedule 3.13(aSCHEDULE 3.14(a), as of the applicable Closing Date, none of the Companies nor any of Sellers and their respective ERISA Affiliates has any (i) "employee benefit plans", ," as defined in Section 3(3) of ERISA, or (ii) incentive, profit-sharing, stock option, stock purchase, other equity-based, employment, consulting, compensation, vacation or other leave, change in control, retention, supplemental retirement, termination, severance, health, medical, disability, life insurance, deferred compensation and other employee compensation and benefit plans, programs, policies, agreements, arrangements and practices, in each case established or maintained by Seller Sellers, or any of its ERISA Affiliates or to which Seller Sellers or any of its their ERISA Affiliates contributed or is obligated to contribute thereunder, for the benefit of any of the current or former employees or independent contractors of any of the Companies or of their respective ERISA Affiliates Sellers (collectively, the "Benefit PlansBENEFIT PLANS").

Appears in 1 contract

Samples: Asset Purchase Agreement (Brookdale Senior Living Inc.)

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