Common use of FUNDING OF ACCRUED EMPLOYEE BENEFITS Clause in Contracts

FUNDING OF ACCRUED EMPLOYEE BENEFITS. Contributor 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 Contributor or any entity might have any liability whatsoever arising from any insurance, pension plan, employment tax or similar liability of Contributor to any employee or other person or entity (including, without limitation, any Contributor Plan and any liability under employment contracts with Contributor) allocable to services performed prior to the Closing Date. Contributor and Shareholders acknowledge that the purpose and intent of this covenant is to assure that Pentegra shall have no unfunded liability whatsoever at any time after the Closing Date with respect to any of Contributor's employees or similar persons or entities, including, without limitation, any Contributor Plan for the period prior to the Closing Date.

FUNDING OF ACCRUED EMPLOYEE BENEFITS. Contributor 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 Contributor or any entity might have any liability whatsoever arising from any insurance, pension plan, employment tax or similar liability of Contributor to any employee or other person or entity (including, without limitation, any Contributor Plan and any liability under employment contracts with Contributor) allocable to services performed prior to the Closing Date. Contributor and Shareholders Partners acknowledge that the purpose and intent of this covenant is to assure that Pentegra shall have no unfunded liability whatsoever at any time after the Closing Date with respect to any of Contributor's employees or similar persons or entities, including, without limitation, any Contributor Plan for the period prior to the Closing Date.

FUNDING OF ACCRUED EMPLOYEE BENEFITS. Contributor Contributors 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 Contributor Contributors or any entity might have any liability whatsoever arising from any insurance, pension plan, employment tax or similar liability of Contributor Contributors to any employee or other person or entity (including, without limitation, any Contributor Contributors Plan and any liability under employment contracts with ContributorContributors) allocable to services performed prior to the Closing Date. Contributor Contributors and Shareholders Shareholder acknowledge that the purpose and intent of this covenant is to assure that Pentegra shall have no unfunded liability whatsoever at any time after the Closing Date with respect to any of ContributorContributors's employees or similar persons or entities, including, without limitation, any Contributor Contributors Plan for the period prior to the Closing Date.