Continuation of Health and Welfare Plans. Parent shall use commercially reasonable efforts to assure the Company continues all health and welfare benefit plans of the Company in existence at the Closing through the end of the current applicable plan or policy years (i.e., April 30, 2023) without a change in benefits offered or premiums charged to employees. Following the end of such current plan or policy year (the date following the end of such year, the “Benefits Transition Date”), Company employees shall be entitled to participate in the health and welfare plans of the Parent (collectively, “Parent Benefit Plans”) in the same manner as offerings to similarly situated employees of the Parent. Subject to the terms of the governing plan documents, Parent shall, or shall cause its Affiliate to, credit all service of the Company Continuing Employees with the Company or any of its Subsidiaries, as the case may be as if such service were with Parent or its Affiliate, for purposes of eligibility to participate (but not for purposes of vesting or benefit accrual, except for vacation, if applicable) for full or partial years of service in any Parent Benefit Plan in which such Company Continuing Employees may be eligible to participate as contemplated by the preceding sentence; provided, that such service shall not be credited to the extent that: (i) such crediting would result in a duplication of benefits; or (ii) such service was not credited under the corresponding Company Employee Plan. In addition and without limiting the generality of the foregoing, following the Benefits Transition Date, Parent shall use its reasonable best efforts to ensure that (A) each Company Continuing Employee shall be immediately eligible to participate, without any waiting time, in any and all Parent Benefit Plans to the extent that coverage under any such Parent Benefit Plan is comparable to a Company Employee Plan in which such Company Continuing Employee participated immediately prior to the Benefits Transition Date and (B) for purposes of each Parent Benefit Plan providing medical, dental, pharmaceutical or vision benefits to any Company Continuing Employee, all eligibility waiting periods, pre-existing condition exclusions and actively-at-work requirements of such Parent Benefit Plan to be waived for such employee and his or her covered dependents, unless such conditions would not have been waived under the comparable Company Employee Plan, and Parent shall cause any eligible expenses incurred by such employee and his ...
Continuation of Health and Welfare Plans. If Executive’s employment terminates for any reason other than termination by the Employing Company for Cause (as herein after defined), then the Employing Company shall pay or provide Executive with continued participation for two years in all health and welfare plans which cover Executive (and eligible dependents), other than the Employing Company’s medical and dental plans, which are addressed in Section 3(c) below, upon the same terms and conditions (except for requirements of Executive’s continued employment) in effect on the date of termination (or as amended from time to time) and subject to Executive’s continued co-payment of premiums, if any.
Continuation of Health and Welfare Plans. AmPlan I, AmPlan III1, Dental, Vision, Accidental Death and Dismemberment (AD&D), Early Retirement Major Medical Benefit (XXXX), and Life Insurance plans applicable to employees represented by the Labor Organizations and their eligible dependents, shall continue in full force and effect except as modified herein.
