Common use of NEW CERIDIAN LIABILITIES Clause in Contracts

NEW CERIDIAN LIABILITIES. Not later than the Effective Time, except as expressly provided otherwise in this ARTICLE IV, New Ceridian shall assume and be solely responsible for all employer Liabilities arising under or in connection with the Welfare Plans maintained prior to the Effective Date by the Corporation or New Ceridian or any of their Subsidiaries, including such Liabilities relating to actions or omissions of or by the Corporation or any officer, director, employee or agent of the Corporation, or fiduciary or agent of such Welfare Plan, prior to the Effective Time.

NEW CERIDIAN LIABILITIES. Not later than the Effective Time, except as expressly provided otherwise in this ARTICLE IV, New Ceridian shall assume and be solely responsible for all employer Liabilities arising under or in connection with the Welfare Plans maintained prior to the Effective Date Time by the Corporation or New Ceridian or any of their Subsidiaries, including such Liabilities relating to actions or omissions of or by the Corporation or any officer, director, employee or agent of the Corporation, or fiduciary or agent of such Welfare Plan, prior to the Effective Time.