Common use of Health Savings Accounts Clause in Contracts

Health Savings Accounts. Without limiting Section 6.01(a), before the Effective Time, Adient shall, or shall cause a member of the Adient Group to, establish an Adient U.S. Welfare Plan that will provide health savings account benefits to Adient Group Employees who are U.S. Employees on and after the Effective Time (or, if earlier, the date on which the applicable Welfare Plan is established) (a “Adient HSA”). It is the intention of the Parties that all activity under such an Adient Group Employee’s health savings account under a Xxxxxxx Controls Welfare Plan (a “Xxxxxxx Controls HSA”) for the year in which the Effective Time occurs be treated instead as activity under the corresponding account under the Adient HSA, such that (i) any period of participation by such Adient Group Employee in a Xxxxxxx Controls HSA during the year in which the Effective Time occurs will be deemed a period when such Adient Group Employee participated in the corresponding Adient HSA; (ii) all expenses incurred during such period will be deemed incurred while such Adient Group Employee’s coverage was in effect under the corresponding Adient HSA; and (iii) all elections and reimbursements made with respect to such period under the Xxxxxxx Controls HSA will be deemed to have been made with respect to the corresponding Adient HSA.

Health Savings Accounts. Without limiting Section 6.01(a), before the Effective Time, Adient INSW shall, or shall cause a member of the Adient INSW Group to, establish an Adient U.S. a INSW Welfare Plan that will provide health savings account benefits to Adient INSW Group Employees who are U.S. Employees on and after the Transfer Effective Time (or, if earlier, the date on which the applicable Welfare Plan is established) (a “Adient INSW HSA”). It is the intention of the Parties that all activity under such an Adient a INSW Group Employee’s health savings account under a Xxxxxxx Controls an OSG Welfare Plan (a “Xxxxxxx Controls OSG HSA”) for the year in which the Transfer Effective Time occurs be treated instead as activity under the corresponding account under the Adient INSW HSA, such that (i) any period of participation by such Adient a INSW Group Employee in a Xxxxxxx Controls an OSG HSA during the year in which the Transfer Effective Time occurs will be deemed a period when such Adient INSW Group Employee participated in the corresponding Adient INSW HSA; (ii) all expenses incurred during such period will be deemed incurred while such Adient INSW Group Employee’s coverage was in effect under the corresponding Adient INSW HSA; and (iii) all elections and reimbursements made with respect to such period under the Xxxxxxx Controls OSG HSA will be deemed to have been made with respect to the corresponding Adient INSW HSA.