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

Unemployment, Social Security and Other Benefits. The Company is not liable for any 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). All liabilities related to employees, including those for salary, vacation pay, bonuses, commissions and other compensation have been paid or accrued in full. There are no pending claims against the Company under any workers’ compensation plan or policy or for long-term disability.

Appears in 1 contract

Samples: Membership Interest Purchase and Sale Agreement (Endo Health Solutions Inc.)

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Unemployment, Social Security and Other Benefits. The Company is and its Subsidiaries are not liable for any 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 BusinessBusiness and consistently with past practice). All liabilities related to employees, including those for salary, vacation pay, bonuses, commissions and other compensation have been paid or accrued in full. 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 1 contract

Samples: Membership Interest Purchase Agreement (Ceco Environmental Corp)

Unemployment, Social Security and Other Benefits. The Company is not liable for any 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 ordinary course of Businessbusiness and consistently with past practice). All liabilities related to employees, including those for salary, vacation pay, bonuses, commissions and other compensation have been paid or accrued in full. There are no pending claims against the Company under any workers’ workers compensation plan or policy or for long-long term disability.

Appears in 1 contract

Samples: Stock Purchase Agreement (National Investment Managers Inc.)

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Unemployment, Social Security and Other Benefits. The Company is not 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 BusinessBusiness and consistent with past practice). All liabilities related to employeesExcept as set forth on Schedule 5.17(e), including those for salary, vacation pay, bonuses, commissions and other compensation have been paid or accrued in full. There there are no pending claims against the Company under any workers’ compensation plan or policy or for long-term disability.

Appears in 1 contract

Samples: Membership Interests Purchase Agreement (Safe & Green Development Corp)

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