Common use of Retiree Medical Benefits Clause in Contracts

Retiree Medical Benefits. Following the Fountain Distribution Date: (a) Trident shall be solely responsible for the management and administration of and satisfaction of all retiree medical and retiree insurance obligations with respect to the plans identified in Schedule 6.6(a) (the “Trident Retiree Medical Plans”); and (b) except as otherwise provided below, Fountain shall be solely responsible for the management and administration of and satisfaction of all retiree medical and retiree insurance obligations with respect to the plans identified in Schedule 6.6(b) (the “Fountain Retiree Medical Plans”). The Parties agree that each Party and the retiree medical plans described above for which it is responsible (and each of their respective Affiliates, Subsidiaries, officers, employees, agents and fiduciaries) shall indemnify and hold harmless each other Party and the retiree medical plans for which they are responsible (and each of their respective Affiliates, Subsidiaries, officers, employees, agents and fiduciaries) with respect to any and all Liabilities with respect to retiree medical and retiree insurance obligations under the retiree medical plans for which they are responsible. Except as provided below, Fountain shall be solely responsible for the adjudication of any claims filed by a Former Fountain Employee before, on or after the Fountain Distribution Date under a Trident Retiree Medical Plan, or Fountain Retiree Medical Plan. Notwithstanding the previous sentence, Trident shall be solely responsible for the adjudication of any claim under a Trident Retiree Medical Plan, or Fountain Retiree Medical Plan that (A) was filed before the Fountain Distribution Date; (B) has not been finally adjudicated by Trident on the day immediately preceding the Fountain Distribution Date; and (C) under the applicable claims procedure, Trident’s plan administrator or other authorized person or committee will have a less than sixty (60) day period after the Fountain Distribution Date to respond to such claim. Notwithstanding the previous sentence, if Trident’s response to such claim does not finally adjudicate the claim, Trident shall immediately upon sending its response to the claimant transfer administration of such claim to Fountain for final adjudication.

Retiree Medical Benefits. Following the Fountain ADT NA Distribution Date: (a) Trident Tyco shall be solely responsible for the management and administration of and satisfaction of all retiree medical and retiree insurance obligations with respect to the plans identified in Schedule 6.6(a) (the “Trident Tyco Retiree Medical Plans”); and (b) except as otherwise provided below, Fountain ADT NA shall be solely responsible for the management and administration of and satisfaction of all retiree medical and retiree insurance obligations with respect to the plans identified in Schedule 6.6(b) (the “Fountain ADT North American R/SB Retiree Medical Plans”). The Parties agree that each Party and the retiree medical plans described above for which it is responsible (and each of their respective Affiliates, Subsidiaries, officers, employees, agents and fiduciaries) shall indemnify and hold harmless each other Party and the retiree medical plans for which they are responsible (and each of their respective Affiliates, Subsidiaries, officers, employees, agents and fiduciaries) with respect to any and all Liabilities with respect to retiree medical and retiree insurance obligations under the retiree medical plans for which they are responsible. Except as provided below, Fountain ADT NA shall be solely responsible for the adjudication of any claims filed by a Former Fountain ADT North American R/SB Employee before, on or after the Fountain ADT NA Distribution Date under a Trident Tyco Retiree Medical Plan, or Fountain ADT North American R/SB Retiree Medical Plan. Notwithstanding the previous sentence, Trident Tyco shall be solely responsible for the adjudication of any claim under a Trident Tyco Retiree Medical Plan, or Fountain ADT North American R/SB Retiree Medical Plan that (A) was filed before the Fountain ADT NA Distribution Date; (B) has not been finally adjudicated by Trident Tyco on the day immediately preceding the Fountain ADT NA Distribution Date; and (C) under the applicable claims procedure, TridentTyco’s plan administrator or other authorized person or committee will have a less than sixty (60) day period after the Fountain ADT NA Distribution Date to respond to such claim. Notwithstanding the previous sentence, if TridentTyco’s response to such claim does not finally adjudicate the claim, Trident Tyco shall immediately upon sending its response to the claimant transfer administration of such claim to Fountain ADT NA for final adjudication.

Retiree Medical Benefits. Following the Fountain Distribution Date: (a) Trident Tyco shall be solely responsible for the management and administration of and satisfaction of all retiree medical and retiree insurance obligations with respect to the plans identified in Schedule 6.6(a6.7(a) (the “Trident Tyco Retiree Medical Plans”); and (b) except as otherwise provided below, Fountain Healthcare shall be solely responsible for the management and administration of and satisfaction of all retiree medical and retiree insurance obligations with respect to plans identified in Schedule 6.7(b) (the “Healthcare Retiree Medical Plans”); and (c) except as otherwise provide below, Electronics shall be solely responsible for the management and administration of and satisfaction of all retiree medical and retiree insurance obligations with respect to the plans identified in Schedule 6.6(b6.7(c) (the “Fountain Electronics Retiree Medical Plans”). .. The Parties agree that each Party and the retiree medical plans described above for which it is responsible (and each of their respective Affiliates, Subsidiaries, officers, employees, agents and fiduciaries) shall indemnify and hold harmless each other Party and the retiree medical plans for which they are responsible (and each of their respective Affiliates, Subsidiaries, officers, employees, agents and fiduciaries) with respect to any and all Liabilities with respect to retiree medical and retiree insurance obligations under the retiree medical plans for which they are responsible. Except as provided below, Fountain Healthcare or Electronics, as appropriate, shall be solely responsible for the adjudication of any claims filed by a Former Fountain Healthcare Employee before, on or after Former Electronics Employee before the Fountain Distribution Date under a Trident Tyco Retiree Medical Plan, Healthcare Retiree Medical Plan or Fountain Electronics Retiree Medical Plan. Notwithstanding the previous sentence, Trident Tyco shall be solely responsible for the adjudication of any claim under a Trident Tyco Retiree Medical Plan, Healthcare Retiree Medical Plan or Fountain Electronics Retiree Medical Plan that (A) was filed before the Fountain Distribution Date; (B) has not been finally adjudicated by Trident Tyco on the day immediately preceding the Fountain Distribution Date; and (C) under the applicable claims procedure, TridentTyco’s plan administrator or other authorized person or committee will have a less than sixty (60) day period after the Fountain Distribution Date to respond to such claim. Notwithstanding the previous sentence, if TridentTyco’s response to such claim does not finally adjudicate the claim, Trident Tyco shall immediately upon sending its response to the claimant transfer administration of such claim to Fountain Healthcare or Electronics, as appropriate, for final adjudication.