COBRA Obligations shall have the meaning set forth in Section 6.15(d).
COBRA Obligations is defined in Section 5.22(h).
COBRA Obligations has the meaning set forth in Section 5.6.6.
Examples of COBRA Obligations in a sentence
Seller and Buyer shall reasonably cooperate in good faith to comply with their respective COBRA Obligations hereunder.
The Sellers shall provide the respective employees of the Sellers, other than the Employees, all medical, mental health, vision, dental, and other group health plan benefits to which each such employees are entitled, and shall perform all of the other obligations of the Sellers under Section 4980B of the Code and Sections 601 through 608 of ERISA and any other continuation of health coverage provisions under applicable state law (collectively, the "Sellers' COBRA Obligations").
The Sellers shall defend, indemnify and hold the Buyer harmless from any all claims that arise out of or relate to the Sellers' COBRA Obligations.
The Seller agrees that it shall retain responsibility for COBRA Obligations to all qualified beneficiaries of covered employees for whom a “qualifying event” under COBRA occurs prior to the Closing.
Buyer shall satisfy and discharge all other COBRA Obligations with respect to Transferred Employees (and such employees' covered dependents).
More Definitions of COBRA Obligations
COBRA Obligations shall have the meaning specified in Section 8.4.5.
COBRA Obligations means any obligation or Liability, whenever arising, of the Buyer or any of its Affiliates or any group health plan sponsored, maintained, contributed to, or with respect to which any of such Persons or group health plans have any Liability, and relating to the employees or other service providers of the Seller Entities, including each "M&A Qualified Beneficiary," and each "Qualified Beneficiary" with respect to any of the foregoing Persons, in connection with their loss of group health plan coverage or any "qualifying event" within the meaning of Treasury Regulation Section 54.4980B-9, Q&A-6(a) with respect to any of the Company Plans, including any Liability arising in connection with Treasury Regulation Section 54.4980B-9, Q&A-8(c).
COBRA Obligations shall have the meaning specified in Section 8.4.2. "CODE" means the Internal Revenue Code of 1986, as amended, and all Laws promulgated pursuant thereto or in connection therewith. "COMMUNICATIONS ACT" means the Communications Act of 1934, as amended. "CURRENT BALANCE SHEET" shall have the meaning set forth in Section 3.5.1. "DEPOSIT" shall have the meaning set forth in Section 2.3. "DEFERRED CONTRACT" shall have the meaning set forth in Section 8.6. "DIRECT CLAIM" shall have the meaning set forth in Section 12.5.5. "DIRECT CLAIM NOTICE" shall have the meaning set forth in Section 12.5.5. "DTV" shall have the meaning set forth in Section 3.22. "ENCUMBRANCES" means any mortgages, pledges, liens, security interests, defects in title, easements, encumbrances, encroachments and any other matters affecting the title, value, marketability or current use of the Assets. <PAGE> "ENVIRONMENTAL AFFILIATES" of any Person means, with respect to any particular matter, all other Persons whose liabilities or obligations with respect to that particular matter have been assumed by, or are otherwise deemed by law to be those of, such first Person. "ENVIRONMENTAL AND SAFETY REQUIREMENTS" means all Environmental Laws and all federal, state, local and foreign statutes, regulations, ordinances and similar provisions having the force or effect of law, all judicial and administrative orders and determinations, all contractual obligations and all common law relating to public health and safety, worker health and safety and pollution or protection of human health or the environment, including without limitation, ambient air, surface water, ground water, land surface or subsurface strata, and natural resources and including all such standards of conduct and bases of obligations relating to the presence, use, production, generation, handling, transport, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, emission, Release, threatened Release, control, or cleanup of any Hazardous Materials. "ENVIRONMENTAL CLAIM" means any claim, action, cause of action, investigation or notice (written or oral) by any person or entity alleging potential liability (including potential liability for investigatory costs, cleanup costs, governmental response costs, natural resources damages, property damages, personal injuries, or penalties) arising out of, based on or resulting from (i) the presence, or Release into the environment, of any Hazardous Materials at any locat...
COBRA Obligations means all obligations of the Company under Section 601 et seq. of ERISA.
COBRA Obligations shall have the meaning set forth in Section 2.8(c) herein.
COBRA Obligations means the net out-of-pocket cost to Buyer, determined by subtracting the total amount of premium payments received after the Closing by Buyer from the total amount of claims paid by Buyer, in satisfaction of the obligation to former employees of Seller (other than Transferred Employees and their eligible dependents) and formerly-eligible dependents of current or former employees of Seller who became entitled to COBRA coverage prior to the Closing Date to provide health continuation coverage in accordance with the requirements of COBRA.
COBRA Obligations has the meaning set forth in Section 3.4. “Complete Retreats” has the meaning set forth in the preamble.