HCC Plans definition
HCC Plans means the HCC “employee benefit plans” as that term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) listed on Schedule 1.5(i), including but not limited to HCC’s medical/dental benefits plan and Seller’s 401(k) Plan.
Examples of HCC Plans in a sentence
Except as otherwise provided in this Section 1.9 or as otherwise required by applicable law, the Company Employees shall cease to participate in or accrue further benefits under the HCC Plans immediately prior to the Closing.
Seller shall bear the expense of and responsibility for all liabilities arising from claims by the Company Employees for benefits attributable to periods prior to the Closing Date under the HCC Plans.