Common use of Employee Benefit Arrangements Clause in Contracts

Employee Benefit Arrangements. As soon as practicable following the ----------------------------- Effective Time, Acquiror shall enroll employees of Target who will become employees of Acquiror in all "employee welfare benefit plans," as such term is defined in Section 3.(1) of ERISA, maintained by Acquiror and shall take such steps as are necessary to ensure that there are no pre-existing condition limitations that apply to any medical, life or disability insurance coverage.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Rational Software Corp), Agreement and Plan of Reorganization (Rational Software Corp), Agreement and Plan of Reorganization (Pure Atria Corp)

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