Successor Liability New Employment or Contractual Arrangement Sample Clauses

Successor Liability New Employment or Contractual Arrangement. A. Sales or Purchase of a Location or Business If, after the Effective Date, Xxxxx or Jai Shri Krishna LLC d/b/a Pennmark Pharmacy propose to (1) sell any or all of their locations or businesses that are subject to this IA (whether through a sale of assets, a sale of stock, or other type of transaction); or (2) purchase or establish a new location or business related to the furnishing of items or services that may be reimbursed by any Federal health care program, the IA shall be binding on the purchaser of any such location or business and any new location or business (and all Covered Persons at each new location or business) shall be subject to the requirements of this IA, unless otherwise determined and agreed to in writing by OIG. Xxxxx and Jai Shri Krishna LLC d/b/a Pennmark Pharmacy shall notify OIG, in writing, of such sale or purchase within 30 days following the closing of the transaction and shall notify OIG, in writing, within 30 days of establishing such new location or business. If Xxxxx or Jai Shri Krishna LLC d/b/a Pennmark Pharmacy wish to obtain a determination by OIG that a proposed purchaser or proposed acquisition will not be subject to the IA requirements, Xxxxx or Jai Shri Krishna LLC d/b/a Pennmark Pharmacy must notify OIG in writing at least 30 days in advance of the proposed sale or purchase. This notification shall include a description of the location or business to be sold or purchased, a brief description of the terms of the transaction and, in the case of a proposed sale, the name and contact information of the proposed purchaser.
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Successor Liability New Employment or Contractual Arrangement 
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Related to Successor Liability New Employment or Contractual Arrangement

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