EHP Group definition
Examples of EHP Group in a sentence
EHP (acting directly or through a member of the EHP Group) shall take all necessary steps for the EHP Excess Benefit Plan to accept Liabilities from the EPC Excess Benefit Plan representing any benefits accrued in the EPC Excess Benefit Plan as of the Effective Time by individuals who are EHP Employees and former EHP Employees in accordance with the Allocation Method and whose names are set forth on Schedule H for such purpose.
EHP (acting directly or through a member of the EHP Group) shall take all necessary steps for the EHP Deferred Compensation Plan to accept Liabilities from the EPC Deferred Compensation Plan representing any benefits accrued in the EPC Deferred Compensation Plan as of the Effective Time by individuals who are EHP Employees and former EHP Employees in accordance with the Allocation Method and whose names are set forth on Schedule I for such purpose.
EHP (acting directly or through a member of the EHP Group) shall establish the EHP SIP which shall be effective as of the Effective Time.
Except as otherwise specifically assigned to the EHP Group in this Agreement, EPC shall retain Liability (including Liabilities for associated administrative functions) for all EPC Employees who have commenced a leave of any type prior to the Effective Time or on and after the Effective Time subject to the EPC Group’s applicable employment practices and policies, including any paid time off plan or policy.
Furthermore, nothing in this Agreement is intended (i) to confer upon any employee or former employee of EPC, EHP or any member of the EPC Group or EHP Group any right to continued employment, or any recall or similar rights to an individual on layoff or any type of approved leave, or (ii) to be construed to relieve any insurance company of any responsibility for any employee benefit under any Benefit Plan or any other Liability.
Nothing in this Agreement shall prohibit EHP or any other member of the EHP Group from amending, modifying or terminating any EHP Benefit Plan, at any time within its sole discretion provided that any such amendment, modification or termination shall not relieve EHP from any obligation herein and shall comply with any applicable requirements of the TMA.
Those employees assigned to the EPC Group and those employees assigned to the EHP Group will be employed by such applicable employers to which they have been assigned as of the Effective Time.
EPC will transfer and assign (or will cause another member of the EPC Group to transfer and assign) to EHP or another member of the EHP Group all rights to seek contribution or damages from any applicable third party (such as a third party who aggravates an injury to a worker who makes a WC Claim) with respect to any WC Claim for which any member of the EHP Group is responsible pursuant to this Article X.
EHP, on its own behalf and on behalf of all members of the EHP Group, agrees that neither EPC nor the Retirement Plan of EPC shall have any further responsibility with respect to the assets and liabilities that are transferred from the Retirement Plan of EPC to the EHP Retirement Plan.
Subject to any limitations imposed by applicable Law, EPC and EHP (acting directly or through members of the EPC Group or EHP Group, respectively) shall provide to the other and their respective agents and vendors all Information relevant to the performance of the Parties under this Agreement, in accordance with applicable provisions of the Separation Agreement, including Article VII thereof.