Continuation Period. The Parent Group shall cause certain Welfare Plans, identified on Schedule 7.01(b) (the “Continuation Welfare Plans”), to provide coverage to SpinCo Employees and Former SpinCo Employees from the Effective Time until December 31, 2018 (the “Continuation Period”) on the same basis as immediately prior to the Effective Time. The SpinCo Group shall compensate the Parent Group for any Liabilities incurred by the Parent Group in connection with permitting the SpinCo Employees and Former SpinCo Employees to participate in the Continuation Welfare Plans during the Continuation Period in accordance with the terms of the Transition Services Agreement. Effective as of January 1, 2019, the SpinCo Employees and Former SpinCo Employees shall cease participation in the Continuation Welfare Plans and commence participation in corresponding SpinCo Welfare Plans.
Appears in 4 contracts
Samples: Employee Matters Agreement (Equitrans Midstream Corp), Employee Matters Agreement (Equitrans Midstream Corp), Employee Matters Agreement (Equitrans Midstream Corp)
