Stock Considerations. As a result of Section 3.2 and to the extent that, immediately prior to asset transfers under Section 3.2, the Parent Savings Plan holds both Parent Common Stock and ElderCare Common Stock and shares of such securities are transferred to the ElderCare Savings Plans pursuant to Section 3.2, Parent and ElderCare shall assume sole responsibility for ensuring that their respective Savings Plans are maintained in compliance with applicable laws with respect to holding shares of common stock of the other entity.
Appears in 4 contracts
Samples: Employee Benefits Agreement (Genesis Healthcare Corp), Employee Benefits Agreement (Genesis Healthcare Corp), Employee Benefits Agreement (Neighborcare Inc)
