Common use of COBRA Liability Clause in Contracts

COBRA Liability. Seller agrees to provide any and all continuation coverage to Employees (other than Retained Employees) and their qualified beneficiaries (as defined in Section 4980B(g)(1) of the Code) that may be required under Section 4980B of the Code or Part 6 of Title I of ERISA as a result of any events that occur on or prior to the Closing Date, including the consummation of the transactions contemplated by this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Inspire Insurance Solutions Inc), Asset Purchase Agreement (Inspire Insurance Solutions Inc)