definiens: within the meaning of Section 5000(b)(1 ) of the Code and each plan sponsor or administrator has complied in all m aterial respects with the COBRA reporting, disclosure, noti ce, election, and other benefit continuation and co verage requirements of Section 4980B of the Code or Part 6 of Title I of ERISA and the applicable regulations thereunder and any comparable state laws, and has n ot incurred any direct or indirect liability, and i s not subject to any loss, assessment or excise tax, penalty, los s of federal income tax deduction or other sanction arising on account of or in respect of any direct or indirect failure at any time to comply with any such federal or state benefit continuation coverage requirements . Schedul e 3.14(i ) sets forth a complete list of individuals who have elected continuation coverage under COBRA and those individuals who are currently eligible to elect continuation coverage under COBRA