Common use of Termination of Plans Clause in Contracts

Termination of Plans. At its sole expense, and without any liability to Buyer, Seller shall terminate or cause to be terminated each pension, profit sharing, or other employee benefit plan applicable to Seller's employees, all in accordance with the provisions thereof and applicable laws, rules, and regulations and shall satisfy and discharge each withdrawal, termination, or other liability thereunder.

Termination of Plans. At its sole expense, and without Without any liability to Buyer, Seller Seller, at its sole expense, shall terminate or cause to be terminated each pension, profit profit-sharing, or other employee benefit plan of Seller as applicable to Sellerthe Station's employees, all in accordance with the provisions thereof and applicable laws, rules, and regulations and shall satisfy and discharge each withdrawal, termination, or other liability thereunder.