Workers’ Compensation Matters Clause Samples
Workers’ Compensation Matters. The Vendor has paid all assessments relating to the Business or the Employees pursuant to worker’s compensation legislation levied by all Governmental Entities and the Vendor has no liability for and there is not pending any state of facts which may result in the levying of a special assessment or a penalty charge of any nature relating to the Business or the Employees with respect to the period prior to the Closing Date. The Vendor has filed on a timely basis all payroll statements and other returns and statements required to be filed pursuant to worker’s compensation legislation applicable to the Vendor as employer of the Employees.
Workers’ Compensation Matters. Seller and its Affiliates shall retain all liability related to all Workers’ Compensation Claims incurred for all periods prior to the Transfer Time (the “Pre-Transfer Time Workers’ Compensation Claims”) and all receivables relating to such Pre-Transfer Time Workers’ Compensation Claims. Buyers and their respective Affiliates shall be liable for all Workers’ Compensation Claims with respect to the Transferred Employees incurred on or after the Transfer Time. A Workers’ Compensation Claim is deemed to be incurred at the time of the injury, illness or other event that gives rise to a claim for such benefits, provided that, with respect to any Workers’ Compensation Claims that are reported to Seller (or any of its Affiliates) or Buyers (or any of their respective Affiliates) on or after the Transfer Time and that arise out of continuing work place exposures or repetitive injuries or occurrences occurring both before and after the Transfer Time, Buyers shall retain all liability for such Workers’ Compensation Claims. Notwithstanding anything herein to the contrary, Seller shall have the right to administer all Workers’ Compensation Claims for which Seller is liable under this Section 4.12 in accordance with Seller’s workers’ compensation claims administration arrangements which are subject to review and approval by the Parent Insurance carriers prior to the implementation of such claims administration arrangements, and the Pre-Transfer Time Workers’ Compensation Claims shall be otherwise satisfied in accordance with Section 4.7. Seller and Buyers shall use commercially reasonable efforts to effectuate the provisions of this Section 4.12.
Workers’ Compensation Matters. The Company has paid all assessments pursuant to worker’s compensation legislation levied by all Governmental Authorities and, to the Sellers’ Knowledge, the Company doesn’t have any liability for and there is not pending any state of facts which may result in the levying of a special assessment or a penalty charge of any nature with respect to the period prior to the Effective Time. The Company has filed on a timely basis all payroll statements and other returns and statements required to be filed pursuant to applicable worker’s compensation legislation. To its Knowledge, the Company is not liable to indemnify any of its Employees or any governmental body in respect of compensation and/or health-care payable to its Employees pursuant to applicable worker’s compensation legislation. The Company has notified the relevant Governmental Authorities, within the time periods specified by applicable legislation, of all occurrences of accidents for which notification is required by applicable legislation and has provided requisite details thereof. The Buyer has been provided a summary of all outstanding claims made by Employees of the Company to any applicable workers’ compensation board.
Workers’ Compensation Matters. DHL will pay to ABX the amount of [*] in consideration for ABX’s management of workers’ compensation claims with respect to ABX’s current and former employees, which amount shall be payable in annual instalments due on each Anniversary Date, as follows: April 1, 2015 $[*] April 1, 2016 $[*] April 1, 2017 $[*] April 1, 2018 $[*] The instalments will not be subject to escalation pursuant to this Agreement. In the event that this Agreement terminates for any reason prior to the payment of the final instalment on April 1, 2018, including pursuant to Section 4.2, any remaining unpaid instalments will immediately become due and payable to ABX.
Workers’ Compensation Matters. (a) Schedule 3.22 is a list of all claims over $10,000 for worker's compensation made in writing to the Seller by any employees of the Seller (including dependants and spouses, if applicable) since June 1, 2002.
(b) The Seller has paid all assessments pursuant to worker's compensation legislation levied by any Governmental Body and, to the Seller's knowledge, the Seller has no liability for, and there is not pending any state of facts known to the Seller which may result in the levying of, a special assessment or a penalty charge of any nature with respect to the period prior to Closing. The Seller has filed on a timely basis all payroll statements and other returns and statements required to be filed pursuant to applicable worker's compensation legislation. To the Seller's knowledge, the Seller is not liable to indemnify any of its employees or any Governmental Body in respect of compensation and/or health care payable to its employees pursuant to applicable worker's compensation legislation. The Seller has notified the relevant Governmental Body, within the time periods specified by applicable Law, of all occurrences of accidents known to the Seller for which notification is required by applicable Law and has provided requisite details thereof.
Workers’ Compensation Matters. DHL will pay to ABX the amount of [*] in consideration for ABX’s management of workers’ compensation claims with respect to ABX’s current and former employees, which amount shall be payable in annual instalments due on each Anniversary Date, as follows: The instalments will not be subject to escalation pursuant to this Agreement. In the event that this Agreement terminates for any reason prior to the payment of the final instalment on April 1, 2018, including pursuant to Section 4.2, any remaining unpaid instalments will immediately become due and payable to ABX.
Workers’ Compensation Matters. In addition to the Assumed Liabilities, Purchaser agrees to assume certain responsibilities relating to Seller's worker's compensation claims as set forth herein. Seller has insured the first $100,000.00 of worker's compensation liability and expense relating to each claim and maintains excess coverage applicable to such claims which becomes operative at a higher level, over $100,000.00. Commencing on the Effective Date, Purchaser agrees to bear one-half (1/2) of any uninsured expense or liability relating to Seller's worker's compensation claims up to a maximum total collective exposure on all claims in the amount of $50,000.00 after Closing. Further, Purchaser agrees to administer all of Seller's ongoing worker's compensation claims from the Effective Date forward.
Workers’ Compensation Matters. As of the Closing, if requested by Buyer, Seller shall assign the workers' compensation insurance policies listed on Schedule 8(k) to the Company and Buyer shall provide replacement collateral relating to such workers' compensation policies that is sufficient to release all collateral of Seller relating to such workers' compensation policies. In the event Buyer does not assume such insurance policies, Buyer shall on or before the Closing Date acquire workers' compensation insurance policies relating to the Company that provide sufficient insurance coverage as required under Applicable Laws.