Common use of Health Continuation Coverage Clause in Contracts

Health Continuation Coverage. Buyer shall be responsible for all health continuation coverage requirements of the Code, and ERISA for all Transferred Employees and their beneficiaries in periods on and subsequent to the Closing Date. Seller shall be responsible for notifying employees who are not Transferred Employees (and the beneficiaries of such employees) of their right to continue their health care coverage under Seller's health care plan at their own cost pursuant to the relevant provisions of Federal Law. Health Insurance Portability and Accountability Act ("HIPAA"). Buyer shall be responsible for all health insurance obligations imposed by HIPAA with respect to any Employee Welfare Benefit Plan which is a group health plan (as defined under Section 5000(b)(1) of the Code or Part 6 of Subtitle B of Title I of ERISA) for all periods on and subsequent to the Closing Date.