Tenant to Provide Health Plan Sample Clauses

Tenant to Provide Health Plan. As of the Commencement Date, Tenants shall offer participation in a group health plan (as defined for purposes of Internal Revenue Code Section 4980B) established and maintained by Tenant (the "New Plan") for the benefit of Tenant's employees and their dependents ("Covered Employees") to all Transferred Employees who: (i) participate as of the Commencement Date in group health insurance coverage sponsored by Lessors, and (ii) become employees of Tenant. All such Transferred Employees shall be eligible for coverage under the New Plan. Those Transferred Employees who accept such coverage shall become Covered Employees and shall be covered under the New Plan without a waiting period and without regard to any pre-existing condition unless (A) they are under a waiting period with Lessors at the time of the Commencement Date, in which case they shall be required to complete their waiting period while under the New Plan or (B) they were subject to a pre-existing condition exclusion while under Lessors' group health plan, in which case they shall be subject to the same exclusion under the New Plan, which exclusion shall, if applicable, be subject to the same time limitation while in Tenant's employ as was applicable thereto while the Covered Employees were in Lessors' employ, with the time limit calculated from the date the same commenced while in Lessors' employ. The parties acknowledge and agree that it is the intent of this provision that Lessors shall not be required to provide continued health coverage under ERISA or COBRA to any of the Transferred Employees who become employees of Tenant or to any qualified beneficiary thereof (as defined for purposes of COBRA).
Sample 1
AutoNDA by SimpleDocs

Related to Tenant to Provide Health Plan

  • Agreement to Provide Services Xxxxxxx Sachs hereby engages the Contract Underwriter, and the Contract Underwriter hereby agrees, to provide the following Services: (a) establish and maintain (or assist the Company in establishing and maintaining) relationships with owners of Contracts who are its customers or customers of other broker-dealers with whom it has entered into agreements to sell the Contracts (“Selling Dealers”); (b) provide Contract owners with “personal services” (within the meaning of NASD Conduct Rule 2830(b)(9)); (c) assist in the preparation of advertisements and other sales literature for the Contracts that describes or discusses the Funds; (d) provide sales compensation to representatives of the Contract Underwriter; (e) pay money to Selling Dealers for any of the foregoing purposes; and (f) perform any additional services primarily intended to result in the distribution of the Contracts and the sale of the Service Shares to the Company.

  • Contractor A contractor designated by Landlord (the “Contractor”) shall perform the Tenant Improvement Work. In addition, Landlord may select and/or approve of any subcontractors, mechanics and materialmen used in connection with the performance of the Tenant Improvement Work.

  • Agreement to Provide Information Intermediary agrees to provide the Fund, upon written request, the taxpayer identification number (“TIN”), the Individual Taxpayer Identification Number (“ITIN”), or other government-issued identifier (“GII”), if known, of any or all Shareholder(s) of the account and the amount, date, name or other identifier of any investment professional(s) associated with the Shareholder(s) or account (if known), and transaction type (purchase, redemption, transfer, or exchange) of every purchase, redemption, transfer, or exchange of Shares held through each account maintained by the Intermediary during the period covered by the request.

  • Failure to Provide Insurance Lessee acknowledges that any failure on its part to obtain or maintain the insurance required herein will expose Lessor to risks and potentially cause Lessor to incur costs not contemplated by this Lease, the extent of which will be extremely difficult to ascertain. Accordingly, for any month or portion thereof that Lessee does not maintain the required insurance and/or does not provide Lessor with the required binders or certificates evidencing the existence of the required insurance, the Base Rent shall be automatically increased, without any requirement for notice to Lessee, by an amount equal to 10% of the then existing Base Rent or $100, whichever is greater. The parties agree that such increase in Base Rent represents fair and reasonable compensation for the additional risk/costs that Lessor will incur by reason of Lessee’s failure to maintain the required insurance. Such increase in Base Rent shall in no event constitute a waiver of Lessee’s Default or Breach with respect to the failure to maintain such insurance, prevent the exercise of any of the other rights and remedies granted hereunder, nor relieve Lessee of its obligation to maintain the insurance specified in this Lease.

  • Utility Services The Owner represents that, to the best of its knowledge, all utility services required to construct and operate the Project (including, without limitation, public water, sewer and electricity) are currently available to the Property in the capacities required to operate the Project. No work need be performed by or on behalf of the Developer to make such utilities available to the Property for the construction or operation of the Project, except for the matters, if any, set forth on Exhibit "D". Copies of letters from the providers of such utility services confirming such availability are annexed hereto as Exhibit "G".

  • The Contractor A general contractor shall be retained by Tenant to construct the Improvements. Such general contractor (“Contractor”) shall be selected by Tenant from a list of general contractors supplied by Landlord, and Tenant shall deliver to Landlord notice of its selection of the Contractor upon such selection.

  • Use of Electrical Services by Tenant Tenant's use of electrical services furnished by Landlord shall be subject to the following:

  • Standard Tenant Services Landlord shall provide the following services on all days (unless otherwise stated below) during the Lease Term.

  • Obligation to Provide Information Each party’s obligation to provide information shall be as follows:

  • Owners Required To Provide Information From the Initial Date and prior to the Restriction Termination Date:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!