Examples of Group insurance plans in a sentence
Trident shall cause Fountain to establish the Fountain Group Insurance Plans, effective no later than the Fountain Distribution Date and, correspondingly, except as provided below, Fountain Employees shall cease participating in the Trident Group Insurance Plans on the dates the new plans are established and shall begin participating in the Fountain Group Insurance Plans.
The newly established Fountain Group Insurance Plans shall be substantially similar to the Trident Group Insurance Plans.
The newly established ADT NA Group Insurance Plans shall be substantially similar to the Tyco Group Insurance Plans.
Tyco shall cause ADT NA to establish the ADT NA Group Insurance Plans, effective no later than the ADT NA Distribution Date and, correspondingly, except as provided below, ADT North American R/SB Employees shall cease participating in the Tyco Group Insurance Plans on the dates the new plans are established and shall begin participating in the ADT NA Group Insurance Plans.
Neither the execution nor delivery of this Agreement nor the consummation of the transactions contemplated hereby conflicts or will conflict with or results or will result in a breach of Purchaser's Articles of Incorporation, Bylaws, or the terms, conditions or provisions of any undertaking to which Purchaser is a party or by which Purchaser or its business or assets are bound.
Not later than the Distribution Date, Healthcare shall establish the Healthcare Group Insurance Plans and Electronics shall establish the Electronics Group Insurance Plans effective as of the Distribution Date and, correspondingly, Healthcare Employees and Electronics Employees shall cease participating in the Tyco Group Insurance Plans on the dates the new plans are established and shall begin participating in the Healthcare Group Insurance Plans or the Electronics Group Insurance Plans, as applicable.
Whenever Executive or Executive's spouse or dependents are entitled to participate in Group Insurance Plans pursuant to the terms of this Agreement, the terms of such participation (including costs) shall be at least as favorable to Executive and Executive's spouse and dependents as those at the time afforded to the Company's senior executive officers.
During the Employment Period, the Executive (and, to the extent applicable, his eligible family members and dependents) shall be eligible to participate in or be covered under all medical, dental, hospitalization, group life insurance, short term disability, long term disability, and other employee welfare benefit plans that the Company provides to all of its United States senior executives (collectively, "Group Insurance Plans").
Buyer shall have no obligation or liability under the Seller Group Insurance Plans and Seller shall defend, indemnify and hold harmless Buyer and its Affiliates against any and all claims, loss, liability or expense under or relating to the Seller Group Insurance Plans and any participation in any Seller Group Insurance Plan by any Business Employee, retired employee or eligible former employee of Seller or its Affiliates or any such employee’s eligible dependents and beneficiaries.
Except as provided in Section 11.4, any --------- Obligation to any or all employees of Seller, including, but not limited to, Obligations under Seller's payroll savings, profit sharing and/or other retirement plans ("Seller's Retirement Plans"), Obligations under Seller's Group Insurance Plans (as defined in Section 2.1.1), and Obligations for severance pay and other termination benefits for those employees who do not accept Buyer's offer of employment.