Common use of Unemployment, Social Security and Other Benefits Clause in Contracts

Unemployment, Social Security and Other Benefits. Neither the Company nor any of its Subsidiaries is liable for any material payment to any trust or other fund or to any Governmental Authority with respect to unemployment compensation benefits, social security or other benefits or obligations for employees (other than routine payments to be made in the Ordinary Course of Business). Except as set forth on Schedule 5.12(e), there are no pending claims against the Company or any of its Subsidiaries under any workers compensation plan or policy or for long term disability.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Reliant Software, Inc.), Agreement and Plan of Merger (Community Choice Financial Inc.)

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Unemployment, Social Security and Other Benefits. Neither the The Company nor any of its Subsidiaries is not liable for any material payment to any trust or other fund or to any Governmental Authority Entity, with respect to unemployment compensation benefits, social security or other benefits or obligations for employees (other than routine payments to be made in the Ordinary Course ordinary course of Businessbusiness and consistently with past practice). Except as set forth on Schedule 5.12(e), there There are no pending claims against the Company or any of its Subsidiaries under any workers compensation plan or policy or for long term disability.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Network 1 Financial Group, Inc.), Stock Purchase Agreement (National Investment Managers Inc.)

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