Common use of No Additional Plans Clause in Contracts

No Additional Plans. Except as contemplated by this Agreement or as set forth in Section 3.10(j) of the Disclosure Schedule, no member of the Seller Group or ERISA Affiliate has obligations under any of Sellers’ Benefit Plans or made any commitment, whether formal or informal, (i) to create any additional benefit plan or to amend or modify any benefit plan other than to comply with the requirements of applicable law or (ii) to provide health, life insurance or dental benefits to or in respect of former employees of any member of the Seller Group, except as specifically required by the continuation requirements of COBRA or similar state law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (OFS Energy Services, LLC), Purchase and Sale Agreement (Key Energy Services Inc), Purchase and Sale Agreement (Key Energy Services Inc)

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No Additional Plans. Except as contemplated by this Agreement or as set forth in Section 3.10(j3.11(k) of the Disclosure Schedule, no member of the Seller Group or ERISA Affiliate has obligations under any of Sellers’ Seller’s Benefit Plans or made any commitment, whether formal or informal, (i) to create any additional benefit plan or to amend or modify any benefit plan other than to comply with the requirements of applicable law or (ii) the terms of any applicable Collective Bargaining Agreement or to provide health, life insurance health or dental benefits to or in respect of former employees of any member of the Seller Group, except as specifically required by the continuation requirements of COBRA or similar state lawPart 6 of Title I of ERISA.

Appears in 1 contract

Samples: Asset Purchase Agreement (Goodman Holding CO)

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