Common use of AMENDMENTS TO PLAN DOCUMENTS Clause in Contracts

AMENDMENTS TO PLAN DOCUMENTS. From Immediately After the Distribution Date through December 31, 2000, Water Pik shall not amend any Water Pik Health and Welfare Plan or Plans, and Water Pik shall have no rights or privileges with respect to such Plans other than those rights and privileges contained in any policy, contract or other written arrangement governing such Plans. During any period in which ATI is providing Interim Services with respect to any Water Pik Health and Welfare Plan pursuant to Section 7.1, ATI shall have the right to amend any applicable Water Pik Health and Welfare Plan; provided that, in ATI's reasonable good faith opinion, such amendment will have no material adverse impact on the Water Pik Health and Welfare Plan or its participants or, to the extent a material adverse impact would occur, such impact would affect both the applicable Water Pik Health and Welfare Plan and any corresponding ATI Health and Welfare Plan and any costs incurred as a result of such amendment shall be borne by ATI and Water Pik in the same proportion that Water Pik and ATI employees, respectively, participate.

Appears in 4 contracts

Samples: Employee Benefits Agreement (Water Pik Technologies Inc), Employee Benefits Agreement (Water Pik Technologies Inc), Employee Benefits Agreement (Water Pik Technologies Inc)

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