Common use of Pre-Transfer Claims Clause in Contracts

Pre-Transfer Claims. The VPG Group shall be responsible for any workers’ compensation Liability up to the amount accrued on its balance sheet on the Transfer Date. The VPG Group shall not assume, retain or otherwise be responsible for any workers' compensation Liability in excess of the amount accrued relating to, arising out of, or resulting from a compensable injury or disease of a VPG employee before the applicable Transfer Date.

Appears in 5 contracts

Samples: Employee Matters Agreement (Vishay Precision Group, Inc.), Employee Matters Agreement (Vishay Precision Group, Inc.), Employee Matters Agreement (Vishay Precision Group, Inc.)

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