Common use of Flexible Spending Account Plan Clause in Contracts

Flexible Spending Account Plan. Until the Distribution Date, Roxio shall continue to be a Participating Company in the health care spending account and dependent care spending account (the "Adaptec Flexible Spending Accounts") of the Adaptec 125 Plan. Effective as of the Distribution Date, Roxio shall cause to be implemented and shall sponsor a Roxio health care spending account and dependent care spending account (the "Roxio Flexible Spending Accounts") for the benefit of Roxio Employees that is substantially similar to that of the Adaptec Flexible Spending Accounts.

Appears in 4 contracts

Samples: Employee Matters Agreement (Roxio Inc), Employee Matters Agreement (Adaptec Inc), Employee Matters Agreement (Roxio Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!