Common use of Preservation of Employee Benefit Plans Clause in Contracts

Preservation of Employee Benefit Plans. Following the Consummation Date, VESTCOM shall not terminate any health insurance, life insurance or 401(k) plan in effect at the COMPANY until such time as VESTCOM is able to replace such plan with a plan that is applicable to VESTCOM and all of its then existing subsidiaries which will in combination with all COMPANY employee benefit plans in the aggregate provide substantially equivalent value to the COMPANY'S employees as that provided in the aggregate to such employees prior to the VESTCOM Plan of Organization, provided however, that VESTCOM shall have no obligation to provide any particular replacement plan or any plan that has the same or similar terms and provisions as the existing plans.

Preservation of Employee Benefit Plans. Following the Consummation Date, VESTCOM shall not terminate any health insurance, life insurance or 401(k) plan in effect at the COMPANY until such time as VESTCOM is able to replace such plan with a plan that is applicable to VESTCOM and all of its then existing subsidiaries which will in combination with all COMPANY employee benefit plans in the aggregate provide substantially equivalent value to the COMPANY'S employees as that provided in the aggregate to such employees prior to the -66- 74 VESTCOM Plan of Organization, provided however, that VESTCOM shall have no obligation to provide any particular replacement plan or any plan that has the same or similar terms and provisions as the existing plans.

Preservation of Employee Benefit Plans. Following the Consummation Date, VESTCOM shall not terminate any health insurance, insurance or life insurance or 401(k) plan in effect at the COMPANY until such time as VESTCOM is able to replace such plan with a plan that is applicable to VESTCOM and all of its then existing subsidiaries which will in combination with all COMPANY employee benefit plans in the aggregate provide substantially equivalent value to the COMPANY'S employees as that provided in the aggregate to such employees prior to the VESTCOM Plan of Organization, provided however, that VESTCOM shall have no obligation to provide any particular replacement plan or of any plan that has the same or similar terms and provisions as the existing plans.

Preservation of Employee Benefit Plans. Following the Consummation Date, VESTCOM shall not terminate any health insurance, life insurance or 401(k) plan in effect at the COMPANY until such time as VESTCOM is able to replace such plan with a plan that is applicable to VESTCOM and all of its then existing subsidiaries which will in combination with all COMPANY employee benefit plans in the aggregate provide substantially equivalent value to the COMPANY'S Founding Company's employees as that provided in the aggregate to such employees prior to the VESTCOM Plan of Organization, provided however, that VESTCOM shall have no obligation to provide any particular replacement plan or any plan that has the same or similar terms and provisions as the existing plans.