Non-U.S. Benefits. Continued participation in Brazilian health benefits Seguro Saude Empresarial (medical and dental insurance) for certain specified employee(s) HLT Monthly cost $1,500 Through no later than 12/31/2017 Continued participation in Brazilian life insurance Seguro de Vida Em Grupo (employer paid group life insurance) for certain specified employee(s) HLT Monthly cost $50 Through no later than 12/31/2017 †††† †† For certain costs that are impacted by participation, the costs in this document are estimated based on current plan enrollment, employee contributions, salaries and elections, as applicable. Actuals will be based on actual number of employees participating, and employee pay and contribution levels. MASTER TRANSITION SERVICES AGREEMENT
Non-U.S. Benefits. (i) GE U.K. Pension Plan. Effective as of the applicable Split Date the applicable GE U.K. Pension Plan Liabilities and Assets, where applicable shall be transferred to the GE HCL Plan (as defined in Appendix G) in accordance with the procedures set forth in Appendix G.
Non-U.S. Benefits. GE Energy Pension Scheme [UK]. Effective as of January 1, 2023, the applicable GE U.K. Pension Plan Liabilities and Assets were transferred to the GE Energy Plan (as defined in Appendix F) in accordance with the procedures set forth in Appendix F. For the avoidance of doubt, the guarantees with GE Vernova Pension Trust Limited (a company incorporated in England and Wales with registered number 03579649) regarding the GE Energy Plan and the GEAPS Pension Scheme shall be Credit Support Instruments as described in the Separation Agreement.
Non-U.S. Benefits. With respect to any Company Benefit Plan for the benefit of Service Providers or dependents thereof who perform services or who are employed outside of the United States (a “Non-US Plan”): (A) if required to have been approved by any non-U.S. Governmental Entity (or permitted to have been approved to obtain any beneficial tax or other status), such Non-US Plan has been so approved or timely submitted for approval; no such approval has been revoked (nor, to the knowledge of the Company, has revocation been threatened) and no event has occurred since the date of the most recent approval or application therefor that is reasonably likely to affect any such approval or increase the costs relating thereto; (B) if intended to be funded and/or book reserved, such Non-US Plan is fully funded and/or book reserved, as appropriate, based upon reasonable actuarial assumptions; (C) no material liability exists or reasonably could be imposed upon any Company Entity by reason of such Non-US Plan; (D) no Service Provider who is domiciled outside of the United States (or any of their dependents) is entitled to any pension, superannuation, retirement (including on early retirement) or death benefits (including in the form of a lump sum) (together, “Pension Benefits”) that become payable before their normal retirement age as stated in their contract of employment or such Company Benefit Plan itself; (E) apart from any general indemnity in favor of the trustees given by any Company Entity under the governing documents of such Non-US Plan, no Company Entity has given any indemnity, undertaking or guarantee in respect of such Non-US Plan; (F) the financial statements of such Non-US Plan accurately reflect such Non-US Plan’s liabilities and accruals for contributions required to be paid to such Non-US Plan, in accordance with applicable generally accepted accounting principles consistently applied; and (G) the assets of each Non-US Plan that provided Pension Benefits are sufficient to satisfy its respective liabilities (current and contingent) as at the date of this Agreement.
Non-U.S. Benefits. (i) GE Energy Pension Scheme [UK]. Effective as of January 1, 2023, the applicable GE U.K. Pension Plan Liabilities and Assets were transferred to the GE Energy Plan (as defined in Appendix F) in accordance with the procedures set forth in Appendix F. SpinCo will, on or after the Distribution Date, as applicable: (i) enter into a replacement guarantee with GE Vernova Pension Trust Limited (a company incorporated in England and Wales with registered number 03579649) (“GEVPTL”) under which any obligation of a SpinCo Group company to make contributions to the GE Energy Plan will be guaranteed by SpinCo, the form of such guarantee to be agreed with GEVPTL, and/or (ii) provide such other financial support to the GE Energy Plan as may be agreed with GEVPTL.
