Limited Continuation After Termination. If the Plan is terminated, Employer and Administrative Agent may mutually agree in writing that this Agreement shall continue for the purpose of payment of any Plan benefit, expense or Claim incurred prior to the date of Plan termination. In addition, if this Agreement is terminated while the Plan continues in effect, Employer and Administrative Agent may mutually agree in writing that this Agreement shall continue for the purpose of payment of any Claims for which requests for reimbursements have been received by Administrative Agent before the date of such termination. For at least one hundred eighty (180) days following the effective date of Termination, Employer shall maintain a settlement account with Administrative Agent and Alegeus, LLC by which both Administrative Agent and Alegeus, LLC may charge to settle any run-off activity which accrues prior to the effective date of Termination. If this Agreement is terminated and Admin- istrative Agent continues to perform in accordance with this Section 6.5, Employer shall pay the monthly service charges incurred during the period that this Agreement is so continued and a final termination fee equal to the final month’s service charge. The obligations of Employer under this Section 6.5 shall survive expiration or termination of this Agreement.
Appears in 4 contracts
Samples: Administration Agreement, Administration Agreement, Administration Agreement
