Common use of Purchaser's Benefit Plans Clause in Contracts

Purchaser's Benefit Plans. For purposes of Purchaser's employee ------------------------- benefit plans, each Hired Employee shall receive credit for prior years of service with Seller for purposes of eligibility and vesting under such plans and shall be entitled to participate in any such Purchaser's employee benefit plans without the application of any applicable waiting periods. Purchaser shall also permit the Hired Employees and their eligible dependents to participate in its applicable group medical plans immediately. Purchaser shall not be required to waive any waiting periods or any restrictions and limitations on preexisting medical conditions under its medical plans, except as required by law. Purchaser shall recognize all medical expenses incurred by Hired Employees and their eligible dependents during the remainder of the calendar year in which the Closing occurs for purposes of satisfying the existing calendar year deductibles and such calendar year's co-payment limitations, if any.

Purchaser's Benefit Plans. For purposes of Purchaser's employee ------------------------- benefit plans, each Hired Employee shall receive credit for prior years of service with Seller for purposes of eligibility and vesting under such plans and shall be entitled to participate in any such Purchaser's employee benefit plans without the application of any applicable waiting periods. Purchaser shall also permit the Hired Employees and their eligible dependents to participate in its applicable group medical plans immediately. Purchaser shall not be required to waive any waiting periods or any restrictions and limitations on preexisting medical conditions under its medical plans, except as required by law. Purchaser shall recognize all medical expenses incurred by Hired Employees and their eligible dependents during the remainder of the calendar year in which the Closing occurs for purposes of satisfying the existing calendar year deductibles and such calendar year's co-payment limitations, if any.