No Retiree Benefits. Neither the Seller nor any member of the Group maintains, sponsors, contributes to, or has any obligation to any retired or former employee of the Seller with respect to the provision of any disability (long or short term), hospitalization, medical, dental or life insurance benefits, whether insured or self-insured, or coverage under any employee welfare benefit plan (within the meaning of Section 3(1) of ERISA) or any similar benefit plan maintained by the Seller or any member of the Group, other than as required under Section 4980B of the Code or Part 6 of Title I of ERISA or any similar state law. Neither Seller nor any member of the Group have represented, promised or contracted (whether in oral or written form) to an employee (either individually or to employees as a group) that such employee(s) would be provided with life insurance, medical or other employee benefits upon their retirement or termination of employment, except to the extent required by statute.
Appears in 2 contracts
Samples: Asset Purchase Agreement (American Medical Alert Corp), Asset Purchase Agreement (American Medical Alert Corp)
No Retiree Benefits. Neither of the Seller Sellers nor any member of the Group maintains, sponsors, contributes to, or has any obligation to any retired or former employee of either of the Seller Sellers with respect to the provision of any disability (long or short term), hospitalization, medical, dental or life insurance benefits, whether insured or self-insured, or coverage under any employee welfare benefit plan (within the meaning of Section 3(1) of ERISA) or any similar benefit plan maintained by either of the Seller Sellers or any member of the Group, other than as required under Section 4980B of the Code or Part 6 of Title I of ERISA or any similar state law. Neither Seller of the Sellers nor any member of the Group have represented, promised or contracted (whether in oral or written form) to an employee (either individually or to employees as a group) that such employee(s) would be provided with life insurance, medical or other employee benefits upon their retirement or termination of employment, except to the extent required by statute.
Appears in 2 contracts
Samples: Asset Purchase Agreement (American Medical Alert Corp), Asset Purchase Agreement (American Medical Alert Corp)
