Common use of Additional Details Regarding Health Savings Accounts Clause in Contracts

Additional Details Regarding Health Savings Accounts. (i) Pursuant to Section 6.1, CPLG or another CPLG Entity shall establish and adopt CPLG Welfare Plans no later than the Effective Time and will coordinate with a health savings account custodian to make available a health savings account option for eligible CPLG Welfare Plan Participants (a “CPLG HSA”). The health savings account option will provide health savings account benefits to eligible CPLG Welfare Plan Participants similar to the benefits provided to eligible participants in the health savings account option of the LQ Welfare Plans. The health savings account made available in connection with the CPLG Welfare Plans shall be effective as of the Effective Time. (ii) It is the intention of the Parties that all activity under a CPLG Welfare Plan Participant’s health savings account with LQ for the year in which the Distribution occurs be treated instead as activity under the corresponding CPLG HSA. Accordingly, (i) any period of participation by a CPLG Welfare Plan Participant in an LQ health savings account during the year in which the Effective Time occurs (the “HSA Participation Period”) will be deemed a period when the CPLG Welfare Plan Participant participated in the corresponding CPLG HSA; (ii) all expenses incurred during the HSA Participation Period will be deemed incurred while the CPLG Welfare Plan Participant’s coverage was in effect under the corresponding CPLG HSA and (iii) all elections and reimbursements made with respect to an HSA Participation Period under an LQ Welfare Plan health savings account will be deemed to have been made with respect to the corresponding CPLG HSA.

Additional Details Regarding Health Savings Accounts. (i) Pursuant to Section 6.19.1, CPLG on or prior to the Plan Transfer Date, Venator shall, or shall cause another CPLG Venator Entity shall to, establish and adopt CPLG Venator Welfare Plans no later than the Effective Time and will coordinate with a health savings account custodian to make available a health savings account option for eligible CPLG Welfare Plan Participants (a “CPLG HSA”). The health savings account option which will provide health savings account benefits to eligible CPLG Venator Welfare Plan Participants similar to Participants. To the benefits provided to eligible participants in the extent any Venator Welfare Plan provides or constitutes a health savings account option of the LQ (each a “Venator HSA”), such Venator Welfare Plans. The health savings account made available in connection with the CPLG Welfare Plans Plan shall be effective as of the Effective Time. (ii) Plan Transfer Date. It is the intention of the Parties that all activity under a CPLG Venator Welfare Plan Participant’s health savings account with LQ Huntsman for the year in which the Distribution IPO occurs (or in the case of an Employee Transfer Date subsequent to the IPO, for the plan year in which the applicable Employee Transfer Date occurs) be treated instead as activity under the corresponding CPLG Venator HSA. Accordingly, (i) any period of participation by a CPLG Venator Welfare Plan Participant in an LQ a Huntsman health savings account during the year in which the Effective Time IPO occurs (or in the case of an Employee Transfer Date subsequent to the IPO, for the plan year in which the applicable Employee Transfer Date occurs) (the “HSA Participation Period”) will be deemed a period when the CPLG Venator Welfare Plan Participant participated in the corresponding CPLG Venator HSA; (ii) all expenses incurred during the HSA Participation Period will be deemed incurred while the CPLG Venator Welfare Plan Participant’s coverage was in effect under the corresponding CPLG HSA Venator HSA; and (iii) all elections and reimbursements made with respect to an HSA Participation Period under an LQ Welfare Plan a Huntsman health savings account will be deemed to have been made with respect to the corresponding CPLG Venator HSA.

Additional Details Regarding Health Savings Accounts. (i) Pursuant to Section 6.19.1, CPLG on or prior to the Plan Transfer Date, VMC shall, or shall cause another CPLG VMC Entity shall to, establish and adopt CPLG VMC Welfare Plans no later than the Effective Time and will coordinate with a health savings account custodian to make available a health savings account option for eligible CPLG Welfare Plan Participants (a “CPLG HSA”). The health savings account option which will provide health savings account benefits to eligible CPLG VMC Welfare Plan Participants similar to Participants. To the benefits provided to eligible participants in the extent any VMC Welfare Plan provides or constitutes a health savings account option of the LQ (each a “VMC HSA”), such VMC Welfare Plans. The health savings account made available in connection with the CPLG Welfare Plans Plan shall be effective as of the Effective Time. (ii) Plan Transfer Date. It is the intention of the Parties that all activity under a CPLG VMC Welfare Plan Participant’s health savings account with LQ Huntsman for the year in which the Distribution IPO occurs (or in the case of an Employee Transfer Date subsequent to the IPO, for the plan year in which the applicable Employee Transfer Date occurs) be treated instead as activity under the corresponding CPLG VMC HSA. Accordingly, (i) any period of participation by a CPLG VMC Welfare Plan Participant in an LQ a Huntsman health savings account during the year in which the Effective Time IPO occurs (or in the case of an Employee Transfer Date subsequent to the IPO, for the plan year in which the applicable Employee Transfer Date occurs) (the “HSA Participation Period”) will be deemed a period when the CPLG VMC Welfare Plan Participant participated in the corresponding CPLG VMC HSA; (ii) all expenses incurred during the HSA Participation Period will be deemed incurred while the CPLG VMC Welfare Plan Participant’s coverage was in effect under the corresponding CPLG HSA VMC HSA; and (iii) all elections and reimbursements made with respect to an HSA Participation Period under an LQ Welfare Plan a Huntsman health savings account will be deemed to have been made with respect to the corresponding CPLG VMC HSA.