Common use of Flexible Spending Plan Treatment Clause in Contracts

Flexible Spending Plan Treatment. Effective no later than immediately prior to the Time of Distribution, Pinnacle and OpCo shall take such actions (if any) as are required to cause OpCo or an OpCo Group member to assume sponsorship of, and all assets and Liabilities with respect to, dependent care and medical care flexible spending accounts (the “Pinnacle FSAs”) and for Pinnacle to transfer and assign sponsorship of, and all assets and Liabilities with respect to, Pinnacle FSAs to OpCo or an OpCo Group member.

Appears in 7 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (PNK Entertainment, Inc.), Employee Matters Agreement (Gaming & Leisure Properties, Inc.)

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