Common use of Flexible Benefit Plans Clause in Contracts

Flexible Benefit Plans. Parent will continue to maintain on behalf of Xxxx Employees the health care reimbursement program, the transit and parking reimbursement program and the dependent care reimbursement program and any similar reimbursement account program (all of such accounts, “Parent Flexible Benefit Plan”) for claims incurred prior to the Plan Milestone Date on the same basis as immediately prior to the A/L Split Date and in accordance with the terms of the Parent Flexible Benefit Plan. Effective as of the Plan Milestone Date, Xxxx shall establish a health care reimbursement program, transit and parking reimbursement program and the dependent care reimbursement program and any similar reimbursement account program for Xxxx Employees.

Appears in 4 contracts

Samples: Employee Matters Agreement (Arlo Technologies, Inc.), Employee Matters Agreement (Netgear, Inc), Employee Matters Agreement (Arlo Technologies, Inc.)

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