Replacement Plans Clause Samples

Replacement Plans. Parent may cause any Company Benefit Plan to be terminated or discontinued at or after the Effective Time of the Merger, provided that, to the extent Parent or its affiliates maintain a Parent Benefit Plan of the same type for employees of Parent or any of its affiliates, Parent shall use its best efforts to permit the Company Employees participating in such Company Benefit Plan (other than any stock option or other stock based incentive plan) to immediately thereafter participate in a Parent Benefit Plan of the same type maintained by Parent or any of its affiliates for their employees generally (a "Replacement Plan"); provided, however, that if the Company Benefit Plan that is so terminated or discontinued is a group health plan, then Parent shall permit each Company Employee participating in such group health plan and his or her eligible dependents to be covered under a Replacement Plan under the terms and conditions of the Replacement Plan as modified to the extent necessary to (i) provide medical and dental benefits to each such Company Employee and such eligible dependents effective immediately upon the cessation of coverage of such individuals under such group health plan, (ii) credit to such Company Employee, for the year during which such coverage under such Replacement Plan begins, with any deductibles and copayments already incurred during such year under such group health plan, and (iii) waive any preexisting condition restrictions to the extent that the preexisting condition restrictions were satisfied under such group health plan. Parent, the Surviving Corporation, their affiliates, and the Parent Benefit Plans (including, without limitation, the Replacement Plans) shall recognize each Company Employee's years of service and level of seniority with the Company and its subsidiaries for purposes of terms of employment, eligibility and vesting under the Parent Benefit Plans. Nothing in this Agreement shall be construed to require Parent to provide any particular type or amount of benefits for any person under any Parent Benefit Plan.

Replacement Plans. This Service Agreement commences upon expiration of the shortest portion of the manufacturer’s original written warranty and terminates completely upon replacement of Your product or at the end of the term specified years for the plan You purchased. All Adjustable Bed replaced under this Plan are the property of Us in their entirety. LTO ARRANGEMENTS: Where the product was initially acquired under a LTO Arrangement, any cash settlement or refund will be paid to the owner of the Adjustable Bed at the time the settlement is made. This will be the Lessor if You have not yet acquired ownership of the Adjustable Bed. In all other respects, the Lessee will retain a beneficial interest in this Plan and all non-cash benefits described herein shall be rendered to the Lessee. Any owner obligations related to maintenance of the Adjustable Bed shall be the responsibility of the Lessee during the term of any LTO Arrangement except as provided by law. Any reference to purchased, sold, or similar terms shall include leased and its derivatives. Any reference to purchaser shall mean the Lessee under the LTO Arrangement and not the Lessor.

Replacement Plans. Each member shall be eligible to receive Short-Term Disability benefits following three (3) months of continuous service. The Short-Term Disability Plan provides for the continuation of salary in whole and/or in part, for a period of seven hundred (700) hours if a member is absent due to non-occupational illness or accident. Benefits provided will be based on the individual member’s length of service, and in accordancewith the following schedule: Length of Service Salary Less than months Nil Nil months but less than year Nil hours year but less than years hours hours years but less than years hours hours years but less than years but less than years years hours hours hours hours years but less than years hours hours years but less than years hours hours years but less than years hours hours years but less than years hours hours years but less than years hours hours years but less than years but less than years or more years years hours hours hours Nil hours hours For part-time employees, the short-term disability plan shall be amended to the actual hours worked over the last (12) weeks of employment and pro-rated accordingly. All other references in Article shall be amended accordingly. Short-Term benefits will be applicable for up to five hundred and ninety-five (595) hours for each separate period of disability in conjunction with the waiting period for Long-Term Disability. Short-Term benefits however will be limited in any individual member’s anniversary years to the number of hours entitlement as indicated in Article Short-Term benefits will commence from the first regular shift of for the first three (3) absences in an anniversary year and from the fourth regular shift of disability for the fourth and subsequent absences. In the event of a member, after reporting for duty, having to report sick after he has completed in excess of one-half of his regular tour of duty, no sick time will be deducted. In the event of a member after reporting for duty, having to report sick before he has completed one-half of his regular tour of duty, he shall forfeit one-half of the tour of duty as sick benefit. Members who have completed three (3) months continuous service will be allowed up to forty-two (42) paid, non-cumulative, hours per anniversary year to provide income for illness or disability of three (3) regular shifts or less. ARTICLE

Replacement Plans. Each member shall be eligible to receive Short-Term Disability benefits following three (3) months of continuous service.

Replacement Plans. The term “Replacement Plans” has the meaning set forth in Section 8.2.

Replacement Plans. 48 reportable events............................................. 15

Replacement Plans. If Section 3.1(a) of this Participation Agreement is completed to indicate that the Participating Employer will contribute the percentage of Compensation of such Participant for the Plan Month corresponding to the rate provided under the Federal Insurance Contributions Act, as defined in C.R.S. Section ▇▇-▇▇-▇▇▇, then the amount of the Mandatory Participant Contributions shall shall not be required to equal the amount of the Participating Employer Contributions made pursuant to Plan Section 3.3(a). In no event may the Mandatory Participant Contribution under this Section 3.3(a) be less than 3% of a Participant’s Compensation.

Replacement Plans. 7.9(a) Retained Employees............................ 7.9(a) SEC.............................................. 4.5

Replacement Plans. If you have purchased a Product Replacement Plan, the product will be replaced, not repaired. Call ▇-▇▇▇-▇▇▇-▇▇▇▇. You may be required to ship the product, at your expense, to a designated location for inspection. If the product qualifies for replacement, you will receive a new or remanufactured product of like kind, and quality. Once the replacement process is completed for a product, then for that product this Plan is fulfilled and coverage ends. If the product is found to be non-defective, it will be returned to you.