Plan Liability. Seller has not taken any action that may result in Purchaser being a party to, or bound by, an ERISA Plan, and Purchaser shall have no liability under, or be subject to any liability on account of, any ERISA Plan or Payroll Practice/Employee Arrangement following the consummation of the transaction contemplated hereby.
Appears in 11 contracts
Samples: Asset Purchase Agreement (Balanced Care Corp), Asset Purchase Agreement (Balanced Care Corp), Asset Purchase Agreement (Balanced Care Corp)
Plan Liability. Seller has not taken any action that may result in Purchaser being a party to, or bound by, an ERISA Plan, and Purchaser shall have no liability under, or be subject to any liability on account of, any ERISA Plan or Payroll Practice/Employee Arrangement Benefit Plan following the consummation of the transaction contemplated hereby.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Balanced Care Corp), Asset Purchase Agreement (Balanced Care Corp)
Plan Liability. Seller has not taken and will not take any action that may result in Purchaser being a party to, or bound by, an ERISA Plan, and 26 Purchaser shall have no liability under, under or be subject to any liability on account of, of any ERISA Plan or Payroll Practice/Employee Arrangement following the consummation of the transaction contemplated hereby.
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