Establishment of SpinCo Welfare Plans. As of the Operational Separation Date, Spinco shall, or shall cause the applicable member of the Spinco Group to, establish the Spinco Welfare Plans, which shall initially have terms substantially similar in the aggregate to those of the corresponding Parent Welfare Plans as in effect immediately prior to the Operational Separation Date.
Appears in 4 contracts
Samples: Employee Matters Agreement (Howmet Aerospace Inc.), Employee Matters Agreement (Arconic Corp), Employee Matters Agreement (Arconic Rolled Products Corp)
Establishment of SpinCo Welfare Plans. As of Before the Operational Separation DateEffective Time, Spinco SpinCo shall, or shall cause the applicable member of the Spinco SpinCo Group to, establish the Spinco SpinCo Welfare Plans, which which, for not less than the Welfare Benefit Continuation Period, shall initially have terms substantially similar in the aggregate to those of the corresponding Parent Rayonier Welfare Plans as in effect immediately prior to of the Operational Separation DateEffective Time, except as otherwise required by applicable Law.
Appears in 3 contracts
Samples: Employee Matters Agreement (Rayonier Advanced Materials Inc.), Employee Matters Agreement (Rayonier Advanced Materials Inc.), Employee Matters Agreement (Rayonier Advanced Materials Inc.)
