LSC Group definition
Examples of LSC Group in a sentence
Such award shall retain the vesting schedule associated with such original RRD Restricted Stock Unit award, except that references to continued employment with RRD shall refer to continued employment with the LSC Group following the LSC Distribution Date.
To the extent that the LSC Group Benefits Plan, the Donnelley Financial Group Benefits Plan and the ▇▇ ▇▇▇▇▇▇▇▇▇ Group Benefits Plan share protected health Information (“PHI”), the LSC Group Benefits Plan, the Donnelley Financial Group Benefits Plan and the ▇▇ ▇▇▇▇▇▇▇▇▇ Group Benefits Plan hereby agree to enter into appropriate business associate agreements to cover the sharing of PHI, as required by the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”).
For the avoidance of doubt, following the LSC Distribution Date, in no event shall LSC (or any member of the LSC Group) be responsible for any Liabilities retained by RRD under Section 6.5(c) below or any Donnelley Financial Deferred Compensation and SERP Liabilities (as defined below).
The newly established LSC Group Benefits Plan and Donnelley Financial Group Benefits Plan are substantially comparable to the ▇▇ ▇▇▇▇▇▇▇▇▇ Group Benefits Plan.
The LSC Group Benefits Plan and the Donnelley Financial Group Benefits Plan shall each cover any pre-existing conditions that are covered under the RRD Group Benefits Plan.
Each eligible LSC Employee and Donnelley Financial Employee will receive credit under the LSC Group Benefits Plan or the Donnelley Financial Group Benefits Plan, as applicable, in 2016 for any co-payments and deductibles paid under the ▇▇ ▇▇▇▇▇▇▇▇▇ Group Benefits Plan prior to July 1, 2016, in satisfying any applicable deductible or out-of-pocket requirements under the LSC Group Benefits Plan or the Donnelley Financial Group Benefits Plan, as applicable.
Effective July 1, 2016, (A) LSC established the LSC Group Benefits Plan and (B) Donnelley Financial established the Donnelley Financial Group Benefits Plan and, accordingly, as of July 1, 2016, LSC Employees and Donnelley Financial Employees ceased participating in the ▇▇ ▇▇▇▇▇▇▇▇▇ Group Benefits Plan, except as otherwise provided herein.
Any COBRA Liabilities incurred based on any COBRA qualifying event occurring on or after July 1, 2016 that is (A) attributable to the LSC Group Benefits Plan shall be an LSC Communications US, LLC Liability and (B) attributable to the Donnelley Financial Group Benefits Plan shall be a Donnelley Financial, LLC Liability.
Except as set forth on Schedule 6.9(d)(ii), Non-US Severance Plans covering LSC Employees, Former LSC Employees, Donnelley Financial Employees, Former Donnelley Financial Employees, RRD Employees and Former RRD Employees shall continue to be sponsored and maintained by the local sponsoring entity and any Assets and Liabilities thereunder shall be retained by such local entities within the LSC Group, Donnelley Financial Group or RRD Group, respectively.
Each LSC Employee and each Donnelley Financial Employee who is receiving long-term disability benefits under the ▇▇ ▇▇▇▇▇▇▇▇▇ Group Benefits Plan on June 30, 2016 shall continue to participate in the Long Term Disability Benefit Program under the ▇▇ ▇▇▇▇▇▇▇▇▇ Group Benefits Plan (subject to the terms of such Program) until such time, if any, as such employee either returns to work and commences employment with the LSC Group or Donnelley Financial Group, as applicable.