Examples of New Welfare Plans in a sentence
New Diamond will provide administrative services and support to the New Welfare Plans following the Closing Date, as set forth in the Transition Services Agreement.
For purposes of applying Section 4.5(c) of Annex A to the Contribution Agreement, the Continued Duke Welfare Plans shall be deemed to be New Welfare Plans; provided, however, that Eligible Expenses of a Retained DEFS Employee shall be determined without regard to when such expenses are recorded by the applicable plan administrator or reported to the Company.
The New Welfare Plans shall assume and be responsible for claims incurred by Company Continuing Employees and their dependents and beneficiaries (including claims incurred under the Company Welfare Plans before the Closing), and the Company Welfare Plans shall remain responsible for claims incurred by participants who are not Company Continuing Employees and their dependents and beneficiaries (including claims incurred before the Closing).
Except with respect to claims assumed by the New Welfare Plans in accordance with this Section 5.4.5, neither the Company, Buyer nor any Affiliate of Buyer shall have any liability under or with respect to the New Welfare Plans.
Acquiror shall cause the New Welfare Plans to provide benefits of substantially the same, or greater, type and value as the benefits which the Branded Employees (other than administrative employees who are not covered by a collective bargaining agreement) enjoyed under the Ralcorp Welfare Plans, on the date immediately preceding the Distribution Date.
Acquiror will cause Branded Employees to receive credit for payments made under the Ralcorp Comprehensive and Well-Med Plan during the plan year in which the Distribution Date occurs for purposes of satisfying the applicable deductibles and maximum out-of-pocket limits of the applicable New Welfare Plans during the plan year in which the Distribution Date occurs.
Acquiror shall take, or cause to be taken, all action necessary and appropriate to cause either (i) its existing welfare plans to be amended, or (ii) new welfare plans to be adopted which will cover Branded Employees (and their dependents as appropriate) immediately following the Distribution Date (the "New Welfare Plans").
Any student who officially withdraws from the university and/or from the PsyD Program for any reason must submit their withdrawal in writing and submit it to their academic advisor for approval.
The Purchaser shall cause the New Welfare Plans to credit (or shall use commercially reasonable efforts to cause its third party administrator or insurance carrier to credit) the Transferred Employees and their dependants and beneficiaries with any deductible, co-payments and out-of-pocket requirements under the New Welfare Plans to the extent of amounts previously credited for 2008 for such purposes under the corresponding Seller Benefit Plans.
Acquiror shall also cause the New Welfare Plans, to the extent applicable, to credit such Branded Employees with the term of service credited to such employees as of the Distribution Date under the terms of the applicable Ralcorp Welfare Plan.