Common use of FUNDING OF ACCRUED EMPLOYEE BENEFITS Clause in Contracts

FUNDING OF ACCRUED EMPLOYEE BENEFITS. Dentist hereby covenants and agrees that it will take whatever steps are necessary to pay or fund completely for any accrued benefits, where applicable, or vested accrued benefits for which Dentist or any entity might have any liability whatsoever arising from any insurance, pension plan, employment tax or similar liability of Dentist to any employee or other person or entity (including, without limitation, any Dentist Plan and any liability under employment contracts with Dentist) allocable to services performed prior to the Closing Date. Dentist acknowledges that the purpose and intent of this covenant is to assure that Pentegra shall have no liability whatsoever at any time after the Closing Date with respect to any of Dentist's employees or similar persons or entities, including, without limitation, any Dentist Plan for the period prior to the Closing Date.

Appears in 16 contracts

Samples: Asset Contribution Agreement (Pentegra Dental Group Inc), Asset Contribution Agreement (Pentegra Dental Group Inc), Asset Contribution Agreement (Pentegra Dental Group Inc)

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FUNDING OF ACCRUED EMPLOYEE BENEFITS. Dentist hereby covenants and agrees that it will take whatever steps are necessary to pay or fund completely for any accrued benefits, where applicable, or vested accrued benefits for which Dentist or any entity might have any liability whatsoever arising from any insurance, pension plan, employment tax or similar liability of Dentist to any employee or other person or entity (including, without limitation, any Dentist Plan and any liability under employment contracts with Dentist) allocable to services performed prior to the Closing Date. Dentist acknowledges that the purpose and intent of this covenant is to assure that Pentegra shall have no liability whatsoever at any time after the Closing Date with respect to any of Dentist's employees or similar persons or entities, including, without limitation, limitation any Dentist Plan Plan, for the period prior to the Closing Date.

Appears in 2 contracts

Samples: Asset Contribution Agreement (Pentegra Dental Group Inc), Asset Contribution Agreement (Pentegra Dental Group Inc)

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FUNDING OF ACCRUED EMPLOYEE BENEFITS. Dentist hereby covenants and agrees that it will take whatever steps are necessary to pay or fund completely for any accrued benefits, where applicable, or vested accrued benefits for which Dentist or any entity might have any liability whatsoever arising from any insurance, pension plan, . employment tax or similar liability of Dentist to any employee or other person or entity (including, without limitation, any Dentist Plan and any liability under employment contracts with Dentist) allocable to services performed prior to the Closing Date. Dentist acknowledges that the purpose and intent of this covenant is to assure that Pentegra shall have no liability whatsoever at any time after the Closing Date with respect to any of Dentist's employees or similar persons or entities, including, without limitation, any Dentist Plan for the period prior to the Closing Date.

Appears in 1 contract

Samples: Asset Contribution Agreement (Pentegra Dental Group Inc)

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