Credit for Deductibles. Buyer will, or will cause the Subsidiaries to, following the Closing Date, (i) waive all limitations as to preexisting conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to Transferred Employees under any welfare plan that such employees may be eligible to participate in after the Closing Date and (ii) provide each Transferred Employee with credit for any co-payments and deductibles paid prior to the Closing Date in satisfying any applicable deductible or out-of-pocket requirements under any welfare plans that such employees are eligible to participate in after the Closing Date.
Credit for Deductibles. The Buyer shall and shall cause each of the Companies to, recognize and give credit under their respective benefit plans for all amounts applied to deductibles, out-of-pocket maximums, co-payments and other applicable benefit coverage limits with respect to expenses incurred by employees of each of the Companies under the Employee Benefit Plans for that portion of the calendar year remaining following the Closing Date.
Credit for Deductibles. New Alkermes shall give each Transferred Employee credit for the amount of deductibles borne by such Transferred Employee (and his or her eligible dependents) prior to the Closing Date under an Employee Plan that is a welfare benefit plan for purposes of satisfying the deductible limitations under each Post-Closing Employee Plan that is a corresponding welfare benefit plan, subject to receipt of relevant information or documentation confirming the amount of such deductibles.
Credit for Deductibles. Buyer will, or will cause the Subsidiaries to, following the Closing Date, (i) waive all limitations as to preexisting conditions, exclusions and waiting periods with respect to participation and coverage requirements
Credit for Deductibles. Parent will, or will cause the Surviving Corporation to, make its commercially reasonable best efforts to (i) waive all limitations as to preexisting conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to the employees of the Company under any welfare plan that such employees may be eligible to participate in after the Effective Time, (ii) to the extent Parent elects to terminate a welfare plan of Company's in the middle of a plan year, then under the corresponding welfare plan of Parent or surviving corporation, provide each employee of the company with credit for the corresponding plan year period (or any co-payments and deductibles paid prior to the Effective Time in satisfying any applicable deductible or out-of-pocket requirements under any welfare plans that such employees are eligible to participate in after the Effective Time for that same plan year, and (iii) provide each employee of the Company with credit for all service with the company and its affiliates through any reasonable means of calculation under each employee benefit plan, program, or arrangement of the Purchaser or its affiliates in which such employees are eligible to participate; PROVIDED, HOWEVER, that in no event shall the employees be entitle to any credit to the extent that it would result in a duplication of benefits with respect to the same period of service and such service shall only be credited to the extent permitted by law.
Credit for Deductibles. Buyer will, or will cause the Surviving Corporation to, (i) waive all limitations as to preexisting conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to the employees of the Company under any welfare plan that such employees may be eligible to participate in after the Effective Time, (ii) provide each employee of the Company with credit for any co-payments and deductibles paid prior to the Effective Time in satisfying any applicable deductible or out-of-pocket requirements under any welfare plans that such employees are eligible to participate in after the Effective Time, and (iii) provide each employee of the Company with credit for all service with the Company and its affiliates under each employee benefit plan, program, or arrangement of Buyer in which such employees are eligible to participate; PROVIDED, HOWEVER, that in no event shall the employees be entitled to any credit to the extent that it would result in a duplication of benefits with respect to the same period of service.
