Common use of No COBRA Violation Clause in Contracts

No COBRA Violation. Neither the Company nor any Affiliate has, prior to the Effective Time violated any of the health care continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar provisions of state law applicable to its employees.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Cypress Semiconductor Corp /De/), Merger Agreement (Platinum Software Corp)

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No COBRA Violation. Neither the Company nor any Affiliate has, prior to the Effective Time and in any material respect, violated any of the health care continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar provisions of state law applicable to its employees.

Appears in 2 contracts

Samples: Merger Agreement (Tut Systems Inc), Agreement and Plan of Reorganization (Tut Systems Inc)

No COBRA Violation. Neither the Company nor any Affiliate has, ------------------ prior to the Effective Time and in any material respect, violated any of the health care continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar provisions of state law applicable to its employees.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Tut Systems Inc)

No COBRA Violation. Neither the Company nor any Affiliate has, prior to the Effective Time violated in a material way any of the health care continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar provisions of state law applicable to its employeesemployees which violation would result in a material liability for the Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Electronic Transmission Corp /De/)

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No COBRA Violation. Neither the Company nor any Affiliate has, ------------------ prior to the Effective Time Closing violated any of the health care continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar provisions of state law applicable to its employees.

Appears in 1 contract

Samples: Share Acquisition Agreement (Concentric Network Corp)

No COBRA Violation. Neither the Company C1 nor any Affiliate has, prior to the Effective Time Time, violated in any material respect, any of the health care continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or any similar provisions of state law applicable to its employees.

Appears in 1 contract

Samples: Merger Agreement (Commerce One Inc)

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