COBRA Liabilities definition

COBRA Liabilities has the meaning set forth in Section 6.04.
COBRA Liabilities means Liabilities of Sellers with respect to any terminated employees of Sellers pursuant to COBRA.
COBRA Liabilities means any and all liabilities and obligations associated with, or related to, providing COBRA continuation coverage to Seller=s employees and former employees, and such employees= and former employees= beneficiaries, who are entitled to receive such continuation coverage.

Examples of COBRA Liabilities in a sentence

  • Sellers and their respective Affiliates have complied in all material respects with all obligations with respect to any COBRA Liabilities incurred prior to the date hereof.

  • The Sellers and their respective ERISA Affiliates shall be and remain solely liable for any and all COBRA Liabilities and shall maintain in effect, for a period of no less than six months following the Closing Date, a “group health plan” (within the meaning of Code Section 4980B).


More Definitions of COBRA Liabilities

COBRA Liabilities has the meaning set forth in clause (h) of the definition of Excluded Liabilities.
COBRA Liabilities shall have the meaning ascribed to such term in Section 2.3(a)(viii) hereof.
COBRA Liabilities means all liabilities, losses, costs, damages, claims or expenses relating to or in connection with the continuing medical, health and dental coverage under the GEC Welfare Plan, to the extent that such liabilities, losses, costs, damages, claims or expenses would have been sustained or borne by the Guarantor or the medical health and dental plan maintained by the Guarantor if the Retained Employee had in fact elected to join such plan maintained by the Guarantor immediately after the Completion Date less the premiums generally payable by similar members of such plan.
COBRA Liabilities shall have the meaning set forth in Section 9.4(g).
COBRA Liabilities has the meaning assigned to that term in Section 7.9(e) of this Agreement.
COBRA Liabilities as used herein, shall mean all liabilities and obligations with respect to medical claims incurred from and after the Closing Date with respect to the health care continuation of coverage requirements under Section 4980B of the Code and Sections 601-609 of ERISA.
COBRA Liabilities has the meaning set forth in Section 7.9(h).