Common use of Transferred Employee Clause in Contracts

Transferred Employee. For purposes of this Agreement, a liability under an Employee Benefit Plan is deemed incurred: in the case of medical or dental benefits, when the services that are subject to the benefit claim are performed; in the case of life insurance, when the death occurs; in the case of long-term disability benefits, when the disability occurs; and in the case of workers’ compensation benefits, when the event giving rise to the benefits occurs; and in respect of a benefit claim recurring after the Closing Date, Seller is liable for that recurring benefit claim.