Common use of Employee Pay All Retiree Medical Clause in Contracts

Employee Pay All Retiree Medical. (A) From and after the Operational Separation Date, Houston shall retain or assume, as applicable, and Houston hereby agrees to pay, perform, fulfill and discharge, in due course, all Liabilities for all eligible Houston Employees, Former Employees and Xxxxxxx Employees under all employee-pay-all retiree medical programs maintained in the U.S. by any Houston Entity as of immediately prior to the Operational Separation Date. (B) Effective as of the Operational Separation Date, Xxxxxxx Employees and Former Everett Employees in the U.S. shall cease participation in the employee-pay-all retiree medical program maintained by Houston.

Employee Pay All Retiree Medical. (A) From and after the Operational Separation Date, Houston shall retain or assume, as applicable, and Houston hereby agrees to pay, perform, fulfill and discharge, in due course, all Liabilities for all eligible Houston Employees, Former Employees and Xxxxxxx Seattle Employees under all employee-pay-all retiree medical programs maintained in the U.S. by any Houston Entity as of immediately prior to the Operational Separation Date. (B) Effective as of the Operational Separation Date, Xxxxxxx Employees and Former Everett Seattle Employees in the U.S. shall cease to be eligible for participation in the employee-pay-all retiree medical program maintained by Houston.