COBRA Compliance. (i) Effective as of the Operational Separation Date, Houston or another Houston Entity shall be responsible for administering compliance with the health care continuation requirements of COBRA with respect to Houston Employees, Seattle Employees and Former Employees and their respective covered dependents who incur a COBRA qualifying event under the Houston Health and Welfare Plans at any time before, on or after the Operational Separation Date. (ii) Houston and Seattle agree that the consummation of the transactions contemplated by this Agreement and the Separation Agreement shall not constitute a COBRA qualifying event for any purpose of COBRA.
Appears in 2 contracts
Sources: Employee Matters Agreement, Employee Matters Agreement (Hewlett Packard Enterprise Co)
COBRA Compliance. (i) Effective as of the Operational Separation Date, Houston or another Houston Entity shall be responsible for administering compliance with the health care continuation requirements of COBRA with respect to Houston Employees, Seattle ▇▇▇▇▇▇▇ Employees and Former Employees and their respective covered dependents who incur a COBRA qualifying event under the Houston Health and Welfare Plans at any time before, on or after the Operational Separation Date.
(ii) Houston and Seattle ▇▇▇▇▇▇▇ agree that the consummation of the transactions contemplated by this Agreement and the Separation Agreement shall not constitute a COBRA qualifying event for any purpose of COBRA.
Appears in 2 contracts
Sources: Employee Matters Agreement (DXC Technology Co), Employee Matters Agreement (Everett SpinCo, Inc.)