COBRA and HIPAA Compliance. As of the Time of Distribution, OpCo shall assume and be responsible for administering compliance with the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Pinnacle Health and Welfare Plans and the OpCo Health and Welfare Plans with respect to OpCo Participants who incur a COBRA qualifying event or loss of coverage under the Pinnacle Health and Welfare Plans or the OpCo Health and Welfare Plans at any time on or before the Time of Distribution. OpCo shall also be responsible for administering compliance with the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the OpCo Health and Welfare Plans with respect to OpCo Participants who incur a COBRA qualifying event or loss of coverage under the OpCo Health and Welfare Plans at any time after the Time of Distribution.
Appears in 7 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Gaming & Leisure Properties, Inc.), Employee Matters Agreement (PNK Entertainment, Inc.)
COBRA and HIPAA Compliance. As of the Time of Distribution, OpCo SpinCo shall assume and be responsible for administering compliance with the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Pinnacle Company Health and Welfare Plans and the OpCo SpinCo Health and Welfare Plans with respect to OpCo SpinCo Participants who incur a COBRA qualifying event or loss of coverage under the Pinnacle Company Health and Welfare Plans or the OpCo SpinCo Health and Welfare Plans at any time on or before the Time of Distribution. OpCo SpinCo shall also be responsible for administering compliance with the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the OpCo SpinCo Health and Welfare Plans with respect to OpCo SpinCo Participants who incur a COBRA qualifying event or loss of coverage under the OpCo SpinCo Health and Welfare Plans at any time after the Time of Distribution.
Appears in 1 contract
