Common use of Prohibition of Change Clause in Contracts

Prohibition of Change. Employer understands that its application and acceptance into the Plan is based upon its organizational structure at the time of application. Employer will not be involved in a reorganization, acquisition, merger, participating in an employee leasing organization/professional employer organization (PEO) or change of organizational structure in any way (herein collectively referred to as “change”) which negatively affects the Plan. In the event Employer is contemplating a change, Employer shall give written notice to the Plan Administrator and CareWorks Comp ninety (90) days in advance of any such change so that the effect on the Plan may be determined. In the event such change has a negative effect on the Plan, Employer agrees to indemnify and save harmless the Plan from all losses, costs, expenses incurred by the Plan resulting from any change in which Employer may be involved.

Prohibition of Change. Employer understands that its application and acceptance into the Plan is based upon its current organizational structure at the time of applicationstructure. Employer has not and will not be involved in a reorganization, acquisition, merger, participating in an employee leasing organization/professional employer organization (PEO) or change of organizational structure in any way (herein collectively referred to as “"change”") which negatively affects the Plan. In the event Employer is contemplating a change, Employer shall give immediate written notice to the Plan Administrator and CareWorks Comp ninety (90) days in advance of any such change so that the effect on the Plan may be determined. In the event such change has a negative effect on the Plan, Employer agrees to indemnify and save harmless the Plan from all losses, costs, expenses incurred by the Plan resulting from any change in which Employer may be involved.