Common use of Health and Welfare Benefit Plans Clause in Contracts

Health and Welfare Benefit Plans. (a) Effective as of January 1, 2024, (i) the participation of each Veralto Employee who is a participant in a Xxxxxxx U.S. Welfare Plan or a Xxxxxxx Canadian Welfare Plan shall automatically cease and (ii) Veralto shall or shall cause a member of the Veralto Group (A) to have in effect Veralto Welfare Plans providing health and welfare benefits for the benefit of each Veralto Employee with terms that are substantially similar to those provided to the applicable Veralto Employee immediately prior to the date on which such Veralto Welfare Plans become effective; and (B) to fully perform, pay and discharge all claims of Veralto Employees or Former Veralto Service Providers, including but not limited to any claims incurred under any Xxxxxxx U.S. Welfare Plan on or prior to the date on which such Veralto Welfare Plans become effective, that remain unpaid as of the date on which such Veralto Welfare Plans become effective, regardless of whether any such claim was presented for payment prior to, on or after such date. For the avoidance of doubt, for the purposes of this Section 3.1, the term “Veralto Welfare Plan” shall include the Chemtreat Plan.