Common use of Preservation of Employee Benefit Plans Clause in Contracts

Preservation of Employee Benefit Plans. Following the Closing Date, CTS shall not terminate any health insurance, life insurance, 401(k) or any other Benefit Plan in effect at the COMPANY until such time as CTS is able to replace such Benefit Plan with a Plan that is applicable to CTS and all of its then existing subsidiaries. CTS shall have no obligation to provide replacement Plans that have the same terms and provisions as the existing Benefit Plans, provided, that any new health insurance plan shall provide for coverage for preexisting conditions.

Preservation of Employee Benefit Plans. Following the Closing Date, CTS shall not terminate any health insurance, life insurance, 401(k) or any other Benefit Plan listed on Schedule 5.19 in effect at the COMPANY until such time as CTS is able to replace such Benefit Plan with a Plan that is applicable to CTS and all of its then existing subsidiaries. CTS shall have no obligation to provide replacement Plans that have the same terms and provisions as the existing Benefit Plans, provided, that any new health insurance plan shall provide for coverage for preexisting conditions.

Preservation of Employee Benefit Plans. Following the Closing Date, CTS shall not terminate any health insurance, life insurance, 401(k) or any other Benefit Plan listed in effect at the COMPANY until such time as CTS is able to replace such Benefit Plan with a Plan that is applicable to CTS and all of its then existing subsidiaries. CTS shall have no obligation to provide replacement Plans that have the same terms and provisions as the existing Benefit Plans, provided, that any new health insurance plan shall provide for coverage for preexisting conditions.

Preservation of Employee Benefit Plans. Following the Closing Date, CTS shall not terminate any health insurance, life insurance, 401(k) or any other 52 Benefit Plan listed in effect at the COMPANY until such time as CTS is able to replace such Benefit Plan with a Plan that is applicable to CTS and all of its then existing subsidiaries. CTS shall have no obligation to provide replacement Plans that have the same terms and provisions as the existing Benefit Plans, provided, that any new health insurance plan shall provide for coverage for preexisting conditions.