U.S. COBRA. The Buyer agrees to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") and any other similar applicable law on or after the Closing Date. The Buyer shall assume sole responsibility for any liabilities or obligations arising under COBRA or other similar applicable law resulting from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date or from the transactions contemplated hereby.
U.S. COBRA. Buyer agrees to provide any required group health plan coverage (and notice thereof) under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and any other similar applicable Law (“COBRA”) with respect to qualifying events with respect to New Buyer Employees and their dependents occurring on or after the Closing Date.
U.S. COBRA. The Seller and its Affiliates shall retain, bear and discharge all liabilities with respect to the provision of COBRA rights and benefits with respect to all qualifying events occurring on or prior to the Closing Date with respect to the Seller Business Employees and former employees of the Seller with respect to the Business (and, with respect to the On-Leave Business Employees, all qualifying events with respect to such employees occurring on or prior to the date of their termination from employment with the Seller and its Affiliates). The Buyer or its Affiliates shall have responsibility for any liabilities or obligations arising under COBRA or other similar applicable law with respect to the New Buyer Employees resulting from the actions (or inactions) of the Buyer or its Affiliates after the Closing Date.
U.S. COBRA. The Buyer agrees to provide any required notice under COBRA and any other similar applicable law with respect to New Buyer Employees whose employment with Buyer terminates after the Closing Date.
U.S. COBRA. The Buyer agrees to provide any required notice under the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") and any other applicable law on or after the Closing Date. The Buyer shall have no responsibility for COBRA notice obligations arising before the Closing. The Buyer shall indemnify and hold harmless the Seller and its Affiliates as provided in Article VI of this Agreement against all Damages relating to, resulting from or arising out of COBRA or any other applicable law arising from the actions (or inactions) of the Buyer or its Affiliates on or after the Closing Date.
U.S. COBRA. Sellers shall retain liability for providing any required notice and coverage under the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”) with respect to any Business Employee who terminates employment on or prior to the Closing Date. Buyer shall assume all liabilities for providing any required notice and coverage under COBRA or other similar applicable Law with respect to any New Business Employee or beneficiary who terminates employment or otherwise experiences a qualifying event after the Closing Date.
U.S. COBRA. Buyer shall have the sole responsibility for “continuation coverage” benefits provided on or after the Closing Date for all Business Employees and “qualified beneficiaries” of Business Employees for whom a “qualifying event” occurs after the Closing Date. The Sellers shall retain responsibility for any qualifying event occurring prior to the Closing Date. The terms “continuation coverage,” “qualified beneficiaries” and “qualifying event” shall have the meanings ascribed to them under Section 4980B of the Code and Sections 601-608 of ERISA.
U.S. COBRA. Seller agrees to provide current and former employees of Seller any notice required with respect to any “qualifying event” under the Consolidated Omnibus Budget Reconciliation Act of 1986 (“COBRA”) and any other similar applicable law arising before or in connection with the Closing. Seller shall retain all liabilities for post- employment health coverage under COBRA (i) with respect to current and former employees of Seller who do not become New Buyer Employees and (ii) with respect to new Buyer Employees who enroll in COBRA coverage in connection with a qualifying event arising before or in connection with the Closing. Buyer shall assume all liabilities for post-employment health coverage under COBRA for New Buyer Employees who experience qualifying events on and after the effective date of their enrollment in Buyer’s group health plans.
U.S. COBRA. The Seller agrees to make COBRA continuation coverage available (and to comply with any notice obligation under COBRA) and any other similar applicable law on and after the Closing to any Seller Business Employee to the extent any Seller Business Employee experiences a Qualifying Event (as such term is defined in Code Section 4980B and the regulations thereunder) with respect to a Seller Employee Benefit Plan, in connection with the transaction contemplated in Article I of this Agreement, and to any other M&A Qualified Beneficiary, as that term is defined in Treas. Reg. Section 54.
U.S. COBRA. Celestica Oregon agrees to provide any required notice to New Buyer Employees in the U.S. under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and any other similar applicable law on or after the Closing Time. Celestica Oregon shall assume all liabilities for post-employment health coverage under COBRA or otherwise with respect to New Buyer Employees in the U.S. on and after the Closing Time.
