INSURANCE PLANS FROM THE SEPARATION DATE THROUGH THE DISTRIBUTION DATE. Except as otherwise agreed by Millipore and Mykrolis, for the period beginning with the Separation Date and ending on the Distribution Date (or such other period as Millipore and Mykrolis may mutually agree), Mykrolis shall be a Participating Company in the Millipore Insurance Plans listed in Schedule 5.2. Millipore shall administer claims incurred under the Millipore Insurance Plans by Mykrolis Employees before the Distribution Date but only to the extent that Mykrolis has not, before such date, established and assumed administrative responsibility for a corresponding Insurance Plan. Any determination made or settlements entered into by Millipore with respect to such claims shall be final and binding. Millipore shall retain financial and administrative ("run-out") liability and all related obligations and responsibilities for all claims incurred by Mykrolis Employees before the Distribution Date (or such other date(s) as Millipore and Mykrolis may mutually agree), including any claims that were administered by Millipore as of, on, or after the Distribution Date (or such other date(s) as Millipore and Mykrolis may mutually agree). Except as set forth in the preceding sentence, Mykrolis shall reimburse Millipore for any and all direct and indirect costs and expenses associated with its participation in the Millipore Insurance Plans, subject to Section 9.2.
Appears in 3 contracts
Samples: Employee Matters Agreement (Millipore Corp /Ma), Employee Matters Agreement (Mykrolis Corp), Employee Matters Agreement (Mykrolis Corp)
INSURANCE PLANS FROM THE SEPARATION DATE THROUGH THE DISTRIBUTION DATE. Except as otherwise agreed by Millipore and MykrolisMMI, for the period beginning with the Separation Date and ending on the Distribution Date (or such other period as Millipore and Mykrolis MMI may mutually agree), Mykrolis MMI shall be a Participating Company in the Millipore Insurance Plans listed in Schedule 5.2. Millipore shall administer claims incurred under the Millipore Insurance Plans by Mykrolis MMI Employees before the Distribution Date but only to the extent that Mykrolis MMI has not, before such date, established and assumed administrative responsibility for a corresponding Insurance Plan. Any determination made or settlements entered into by Millipore with respect to such claims shall be final and binding. Millipore shall retain financial and administrative ("run-out") liability and all related obligations and responsibilities for all claims incurred by Mykrolis MMI Employees before the Distribution Date (or such other date(s) as Millipore and Mykrolis MMI may mutually agree), including any claims that were administered by Millipore as of, on, or after the Distribution Date (or such other date(s) as Millipore and Mykrolis MMI may mutually agree). Except as set forth in the preceding sentence, Mykrolis MMI shall reimburse Millipore for any and all direct and indirect costs and expenses associated with its participation in the Millipore Insurance Plans, subject to Section 9.2.
Appears in 1 contract
Samples: Employee Matters Agreement (Millipore Microelectronics Inc)