Common use of Non-U.S. Welfare Plans Clause in Contracts

Non-U.S. Welfare Plans. (a) Effective as of the Effective Time (or as soon as practicable thereafter), Allegion shall, or shall cause another Allegion Entity to, establish and adopt Allegion Welfare Plans for the benefit of each Allegion Group Employee or Former Allegion Group Employee who resides or works outside the United States that are substantially identical (to the extent practicable) to the welfare benefits that such Allegion Group Employee or Former Allegion Group Employee participated in immediately prior to the Effective Time. To the extent such coverage does not commence until following the Effective Time, Allegion shall indemnify IR for any continued participation by such employee in the corresponding IR Welfare Plan. IR will reasonably cooperate with Allegion in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.2(a) a listing of non-U.S. IR Welfare Plans in which Allegion Group Employees are known to participate. Schedule 10.2(a) may be updated by mutual written consent of IR and Allegion at any time up to 60 days after the Effective Time. (b) Effective as of the Effective Time (or as soon as practicable thereafter), IR shall, or shall cause another IR Entity to, establish and adopt IR welfare plans for the benefit of each IR Group Employee or Former IR Group Employee who resides or works outside the United States that are substantially identical (to the extent practicable) to the welfare benefits that such IR Group Employee or Former IR Group Employee participated in immediately prior to the Effective Time. To the extent such coverage does not commence until following the Effective Time, IR shall indemnify Allegion for any continued participation by such employee in the corresponding Allegion Welfare Plan. Allegion will reasonably cooperate with IR in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.2(b) a listing of non-U.S. Allegion Welfare Plans in which IR Group Employees are known to participate. Schedule 10.2(b) may be updated by mutual written consent of IR and Allegion at any time up to 60 days after the Effective Time.

Non-U.S. Welfare Plans. (a) Effective as of the Effective Time (or as soon as practicable thereafter), Allegion shall, or shall cause another Allegion Entity to, establish and adopt Allegion Welfare Plans for the benefit of each Allegion Group Employee or Former Allegion Group Employee who resides or works outside the United States that are substantially identical (to the extent practicable) to the welfare benefits that such Allegion Group Employee or Former Allegion Group Employee participated in immediately prior to the Effective Time. To the extent such coverage does not commence until following the Effective Time, Allegion shall indemnify IR for any continued participation by such employee in the corresponding IR Welfare Plan. IR will reasonably cooperate with Allegion in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.2(a) a listing of non-U.S. IR Welfare Plans in which Allegion Group Employees are known to participate. Schedule 10.2(a) may be updated by mutual written consent of IR and Allegion at any time up to 60 days after the Effective Time. (b) Effective as of the Effective Time (or as soon as practicable thereafter), IR shall, or shall cause another IR Entity to, establish and adopt IR welfare plans for the benefit of each IR Group Employee or Former IR Group Employee who resides or works outside the United States that are substantially identical (to the extent practicable) to the welfare benefits that such IR Group Employee or Former IR Group Employee participated in immediately prior to the Effective Time. To the extent such coverage does not commence until following the Effective Time, IR shall indemnify Allegion for any continued participation by such employee in the corresponding Allegion Welfare Plan. Allegion will reasonably cooperate with IR in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.2(b) a listing of non-U.S. Allegion Welfare Plans in which IR Group Employees are known to participate. Schedule 10.2(b) may be updated by mutual written consent of IR and Allegion at any time up to 60 days after the Effective Time.. Article XI WORKERS