Common use of Continuity of Benefits and Coverage Clause in Contracts

Continuity of Benefits and Coverage. It is the intention of RemainCo and SpinCo that there be uninterrupted benefit plan participation and coverage for RemainCo Employees and SpinCo Employees, notwithstanding the transactions contemplated by the Distribution Agreement, this Agreement or any other Ancillary Agreement. Therefore, RemainCo and SpinCo shall use their reasonable best efforts to cause there to be no interruption of coverage with respect to the type of benefits or coverage being provided to such Employees immediately prior to the Effective Time.

Appears in 6 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (Pennant Group, Inc.), Employee Matters Agreement (Ensign Group, Inc)

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