HEALTH CARE CONTINUATION REQUIREMENTS Sample Clauses

HEALTH CARE CONTINUATION REQUIREMENTS. The parties acknowledge that the transactions contemplated hereby will result in obligations on the part of Seller and one or more of Seller's employee benefit plans that is a welfare benefit plan (within the meaning of Section 3(1) of ERISA) to comply with the health care continuation requirements of Part 6 of Title 1 of ERISA and Code Section 4980B, as applicable. Seller and each such employee benefit plan that is such a welfare benefits plan shall comply with the applicable requirements of such laws. Seller shall take all actions to insure continuation of each such employee benefit plan that is such a welfare benefit plan for a minimum period of one hundred twenty (120) days from and after the Closing Date. The parties expressly agree that Buyer and Buyer's benefit plans, if any, shall have no responsibility for compliance with such health care continuation requirements (i) for qualified beneficiaries who previously elected to receive continued coverage under Seller's ERISA benefit plans or who between the date of this Agreement and the Closing Date elect to receive continued coverage, or (ii) with respect to those employees or former employees of Seller who may become eligible to receive such continued coverage as a result of the transactions provided for in this Agreement.
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HEALTH CARE CONTINUATION REQUIREMENTS. The parties acknowledge that the transactions contemplated hereby will result in obligations on the part of the Seller and one or more of the Employee Benefit Plans that is a welfare benefit plan (within the meaning of Section 3(1) of ERISA) to comply with the health care continuation requirements of Part 6 of Title 1 of ERISA and Code Section 4980B, as applicable. The Seller and each of the Employee Benefit Plans that is such a welfare benefits plan shall comply with the applicable requirements of such laws. As to employees who are terminated by Seller and not hired by Buyer within one-hundred twenty (120) days after the Closing Date, the parties expressly agree that Buyer and Buyer's benefit plans, if any, shall have no responsibility for compliance with such health care continuation requirements for qualified beneficiaries who previously elected to receive continued coverage under Seller's ERISA benefit plans or who between the date of this Contract and the Closing Date elect to receive continued coverage, except to the extent required by law. Buyer agrees to provide health care coverage on the first day subsequent to the Closing Date to employees of Seller hired by Buyer; provided however, Buyer shall be under no obligation to provide to such employees benefits that Buyer does not currently provide to its employees meeting Buyer's qualifications for health care coverage at its other resorts, and Buyer shall be under no obligation to provide qualified employees benefits Seller may have provided. The provisions of this paragraph shall expressly survive the Closing.
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Related to HEALTH CARE CONTINUATION REQUIREMENTS

  • Medicaid Notification of Termination Requirements Party shall follow the Department of Vermont Health Access Managed-Care-Organization enrollee-notification requirements, to include the requirement that Party provide timely notice of any termination of its practice.

  • GRADUATION REQUIREMENTS I understand that in order to graduate from the program and to receive a certificate of completion, diploma or degree I must successfully complete the required number of scheduled clock hours as specified in the catalog and on the Enrollment Agreement, pass all written and practical examinations with a minimum score of 80%, and complete all required clinical hours and satisfy all financial obligations to the College.

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  • Director Notification Requirement If you are a director, associate director or shadow director of a Singapore company, you are subject to certain notification requirements under the Singapore Companies Act. Among these requirements, you must notify the Singapore subsidiary in writing within two business days of any of the following events: (i) you receive or dispose of an interest (e.g., RSUs or shares of Common Stock) in the Company or any subsidiary of the Company, (ii) any change in a previously-disclosed interest (e.g., forfeiture of RSUs and the sale of shares of Common Stock), or (iii) becoming a director, associate director or a shadow director if you hold such an interest at that time.

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