Allocation of Welfare Assets and Liabilities. Effective as of the Effective Time, except as otherwise specifically provided herein, the Xxxxxxx Controls Group shall retain all Liabilities relating to Incurred Claims under the Xxxxxxx Controls U.S. Welfare Plans, and shall also retain Assets (including, without limitation, Medicare reimbursements, pharmaceutical rebates, and similar items) associated with such Incurred Claims. The Adient Group shall be responsible for all Liabilities relating to Incurred Claims under any Adient U.S. Welfare Plan and shall also retain Assets (including, without limitation, Medicare reimbursements, pharmaceutical rebates, and similar items) associated with such Incurred Claims.
Allocation of Welfare Assets and Liabilities. Effective as of the Operational Separation Date, the Spinco Group shall assume all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on behalf of Spinco Group Employees or Former Spinco Group Employees or their covered dependents under the Parent Welfare Plans or Spinco Welfare Plans before, at or after the Operational Separation Date. No Parent Welfare Plan shall provide coverage to any Spinco Group Employee or Former Spinco Group Employee after the Operational Separation Date. Notwithstanding the foregoing or anything else herein to the contrary, with respect to Employees and Former Employees who provide or provided services in Brazil, (i) Parent shall retain all Liabilities relating to Parent or any of its Subsidiaries or predecessor entities in Brazil, and (ii) Spinco shall assume (A) the Liability for compensation and benefits required to be provided to certain Former Spinco Group Employees located in Brazil in accordance with the terms and conditions set forth in Schedule 7.01(e) and (B) all other Employee and Former Employee health and welfare Liabilities relating to operations in Brazil prior to the Separation.
Allocation of Welfare Assets and Liabilities. Effective as of the Effective Time, the SpinCo Group shall assume all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on behalf of SpinCo Group Employees or Former SpinCo Group Employees or their covered dependents under the KAR Welfare Plans or SpinCo Welfare Plans before, at, or after the Effective Time. No KAR Welfare Plan shall provide coverage to any SpinCo Group Employee or Former SpinCo Group Employee after the Effective Time, except as may be agreed between the Parties to address Employees who are on approved leaves of absence immediately prior to the Effective Time.
Allocation of Welfare Assets and Liabilities. Effective as of the Operational Separation Date, the UpstreamCo Group shall assume all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on behalf of UpstreamCo Group Employees or Former UpstreamCo Group Employees or their covered dependents under the Parent Welfare Plans or UpstreamCo Welfare Plans before, at, or after the Operational Separation Date. No Parent Welfare Plan shall provide coverage to any UpstreamCo Group Employee or Former UpstreamCo Group Employee after the Operational Separation Date. Parent shall assume the Liability for compensation and benefits required to be provided by UpstreamCo Group to certain Former Parent Group Employees located in Brazil in accordance with the terms and conditions set forth in Schedule 7.01(e), the cost of which shall be paid or reimbursed by Parent pursuant to the procedures described in Schedule 7.01(e).
Allocation of Welfare Assets and Liabilities. Except as otherwise specifically provided herein, the Autoliv Group shall retain all Liabilities relating to Incurred Claims under the Autoliv U.S. Welfare Plans, and shall also retain Assets (including, without limitation, Medicare reimbursements, pharmaceutical rebates, and similar items) associated with such Incurred Claims. The Veoneer Group shall be responsible for all Liabilities relating to Incurred Claims under any Veoneer U.S. Welfare Plan and shall also retain Assets (including, without limitation, Medicare reimbursements, pharmaceutical rebates, and similar items) associated with such Incurred Claims.
Allocation of Welfare Assets and Liabilities. Effective as of the Effective Time, the SpinCo Group shall assume all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on behalf of SpinCo Group Employees or Former SpinCo Group Employees or their covered dependents under the Rayonier Welfare Plans or SpinCo Welfare Plans before, at, or after the Effective Time. No Rayonier Welfare Plan shall provide coverage to any SpinCo Group Employee or Former SpinCo Group Employee after the Effective Time.
Allocation of Welfare Assets and Liabilities. Effective as of the Distribution Date, the CoalCo Group shall assume all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on behalf of CoalCo Group Employees or Former CoalCo Group Employees or their covered dependents under the Parent Welfare Plans or CoalCo Welfare Plans before, at, or after the Distribution Date. Except as may be expressly set forth on Schedule 7.01 hereto, no Parent Welfare Plan shall provide coverage to any CoalCo Group Employee or Former CoalCo Group Employee after the Distribution Date
Allocation of Welfare Assets and Liabilities. Effective as of the Effective Time, the AFI Group shall assume all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on behalf of AFI Group Employees or Former AFI Group Employees or their covered dependents under the AWI Welfare Plans or AFI Welfare Plans before, at, or after the Effective Time. No AWI Welfare Plan shall provide coverage to any AFI Group Employee or Former AFI Group Employee after the Effective Time.
Allocation of Welfare Assets and Liabilities. Effective as of the Distribution, the ATMCo Group shall assume all Liabilities relating to, arising out of or resulting from health and welfare coverage or claims incurred by or on behalf of ATMCo Group Employees or their covered dependents or Former ATMCo Group Employees or their covered dependents, including but not limited to all COBRA costs under the NCR Welfare Plans or ATMCo Welfare Plans, before, at, or after the Distribution; it being understood that the ATMCo Group shall reimburse NCR for all amounts under the NCR Welfare Plans attributable to ATMCo Group Employees and Former ATMCo Group Employees as more fully set forth in the Transition Services Agreement with respect to claims incurred during the period from the Distribution Date through December 31, 2023(including any applicable run out period) (subject to Article VIII hereto). For the avoidance of doubt, COBRA coverage for ATMCo Group Employees or their covered dependents or Former ATMCo Group Employees or their covered dependents (other than a Retiree) will be provided by the NCR Welfare Plans from the Distribution Date through December 31, 2023, but as of January 1, 2024 coverage for all ATMCo Group Employees or their covered dependents or Former ATMCo Group Employees or their covered dependents (other than a Retiree) including COBRA coverage shall transfer to the ATMCo Welfare Benefit Plans.
Allocation of Welfare Assets and Liabilities. Effective as of the Transfer Effective Time, the INSW Group shall assume all Liabilities relating to, arising out of, or resulting from health and welfare coverage or claims incurred by or on behalf of INSW Group Employees or Former INSW Group Employees or their covered dependents under the OSG Welfare Plans or INSW Welfare Plans before, at, or after the Transfer Effective Time. No OSG Welfare Plan shall provide coverage to any INSW Group Employee or Former INSW Group Employee after the Transfer Effective Time.
