Common use of Credit for Deductibles and Other Limits Clause in Contracts

Credit for Deductibles and Other Limits. With respect to each DPSG Business Employee and Former DPSG Employee, and each covered dependent, beneficiary, or other related party of such individual (the “DPSG Welfare Plan Participants”), the DPSG welfare benefit plans will give credit in the year of the Distribution Date for any amount paid under the comparable type Cadbury plan by such DPSG Welfare Plan Participant in the year of the Distribution Date toward deductibles, out-of-pocket maximum, or other, similar limitations to the extent such amounts are taken into account under the comparable type Cadbury plan. For purposes of any life-time maximum out-of-pocket limit on expenses paid by a covered participant, the DPSG welfare plans will recognize any expenses incurred by a DPSG Welfare Plan Participant prior to the Distribution to the same extent such expenses would be recognized in respect of an active plan participant under the comparable type Cadbury plan.

Appears in 4 contracts

Samples: Employee Matters Agreement (Dr Pepper Snapple Group, Inc.), Employee Matters Agreement (Dr Pepper Snapple Group, Inc.), Employee Matters Agreement (Dr Pepper Snapple Group, Inc.)

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