Responsibility for Benefits. The Company will pay the entire cost of all benefits provided under this Severance Agreement, solely from its general assets. The benefits made available by this Severance Agreement are "unfunded," and Executive is not required or permitted to make any contribution with respect to this Severance Agreement.
Responsibility for Benefits. The Company will pay the entire cost of all benefits provided under Sections 6(a) and 6(d)(i) of this Agreement, solely from its general assets. The benefits made available by those provisions are "unfunded."
Responsibility for Benefits. (a) Seller and OKFC shall be solely responsible and liable for all benefits accruing and claims arising from occurrences or omissions on or prior to the Closing Date under any welfare, fringe, qualified or nonqualified deferred compensation or other benefit plan, program or arrangement (collectively, the "Benefits Plans") maintained by OKFC, Seller or an Affiliate ("OKFC's Plans") for any employee of the Bank, any dependent of such employee or any other related eligible individual (collectively, the "Participants"). Seller and OKFC shall also be responsible for any and all costs, fees, and expenses, including any taxes, excise taxes, and penalties relating to OKFC's Plans, as they are maintained on or prior to the Closing Date for the Participants. Seller and OKFC shall not have any duty or responsibility to continue any of OKFC's Plans for any of the Participants after the Closing Date except to the extent of rights and benefits which accrued on or prior to the Closing Date.
(b) Buyer shall be solely responsible and liable for all benefits accruing and claims arising from occurrences or omissions after the Closing Date under any Benefits Plans established or maintained by Buyer or Buyer's affiliates ("Buyer's Plans") and for any and all costs, fees and expenses, including any taxes, excise taxes, and penalties, arising after the Closing Date relating to Buyer's Plans, as they are maintained after the Closing Date for the Participants. Immediately following the Closing, Buyer shall offer employees of the Bank who are to be employed by the Bank after the Closing Date basic medical benefit coverage without prior conditions exclusions, effective at the later of their acceptance and the day following the Closing Date.
(c) Seller and OKFC shall be solely responsible for all rights and responsibilities arising under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA rights") on or prior to the Closing Date under any of OKFC's Plans, and Buyer shall be solely responsible for any COBRA rights and responsibilities arising under any of Buyer's Plans after the Closing Date.
(d) Anything contained in this Subsection 8.3.3 to the contrary notwithstanding, in case of any conflict between this Subsection 8.3.3 and Subsection 6.24 and the indemnifications relating to Subsection 6.24, such Subsection 6.24 and such related indemnifications shall govern.
Responsibility for Benefits. THE OBLIGATION TO PERFORM UNDER THIS AGREEMENT IS INSURED BY VIRGINIA SURETY COMPANY, INC. AND THE SELLING DEALER IS OBLIGATED TO OBTAIN SUCH INSURANCE. IF A VALID CLAIM REMAINS UNPAID FOR MORE THAN SIXTY (60) DAYS AFTER YOU HAVE FILED A PROOF OF LOSS COVERED BY THIS EXTENDED SERVICE AGREEMENT, THEN YOU MAY MAKE A DIRECT CLAIM AGAINST VIRGINIA SURETY COMPANY, INC., 000 X. XXXXXXX BLVD., CHICAGO, IL 60604, (000) 000-0000. ALABAMA State Guidelines ILLINOIS CANCELLATION: If you cancel this Extended Service Agreement within sixty (60) days and no claims have been paid, a 10% penalty per month will be added to any refund that is not paid or credited within forty five (45) days of Your return of the Extended Service Agreement to the Selling Dealer. ALASKA WHAT IS NOT COVERED: This Extended Service Agreement does not provide coverage for damages for bad faith, punitive or exemplary damages, personal injury including bodily injury, property damage (except as specifically stated in the Extended Service Agreement) and attorney fees.
Responsibility for Benefits. If You are not satisfied with the insurance company’s response, You may contact the New Hampshire Department of Insurance, 00 Xxxxx Xxxxxx, Xxxxxxx, Xxx Xxxxxxxxx 00000, 0-000-000-0000. NEW MEXICO NEW YORK
Responsibility for Benefits. Retailer acknowledges that it shall be solely responsible for providing, at its expense and in its name, disability, workers’ compensation, or other insurance as well as any and all licenses and permits usual or necessary for conducting the Services described in this Agreement.
Responsibility for Benefits. Consultant and Bxxxxxx acknowledge that neither Consultant or Bxxxxxx, in his services on behalf of Consultant, shall be entitled to any coverage by, or reimbursement from, Company for out-of-pocket expenses (other than as provided on Exhibit B), workers’ compensation insurance, unemployment compensation, overtime compensation, medical insurance, life insurance, disability income insurance, paid vacations, paid holidays, pension or profit sharing or any other type of health, fringe or retirement benefit.
Responsibility for Benefits a) There will be no change in plan carriers without the mutual agreement of the Employer and the Union.
b) Where a carrier is unable to continue to provide the benefits as outlined in this agreement, and where an alternative carrier cannot be found, the parties agree to discuss the issue and come to a mutually agreeable solution.
Responsibility for Benefits. If You are not satisfied with the insurance company’s response, You may contact the New Hampshire Department of Insurance, 00 Xxxxx Xxxxxx, Xxxxxxx, Xxx Xxxxxxxxx 00000, 0-000-000-0000. CANCELLATION: In the event of cancellation, the Lienholder, if any, will be named on the refund check as their interest may appear. TRANSFER FEE: No Transfer Fee will be charged.
Responsibility for Benefits. The Company will pay the entire cost of all benefits provided under this Severance Agreement, solely from its general assets. The benefits made available by this Severance Agreement are "unfunded," and Bonczek is not required or permitted to make any contribution with rxxxxxx to this Severance Agreement.
