Participation in Bank Benefit Plans Sample Clauses

Participation in Bank Benefit Plans. Xxxxxxxxx shall be eligible to participate in those group employee benefit plans, including, without limitation, medical, dental, and life insurance, which Bank makes available to similarly situated employees from time to time, subject to all terms and conditions of those plans and amendments thereto, including, without limitation, any and all provisions concerning eligibility for participation.

Participation in Bank Benefit Plans. As of and following the Effective Time, the employees of the Bank as of the Effective Time who continue to be employed by the Bank after the Effective Time (collectively, the “NCB Employees”) shall continue to be eligible to participate in health, vacation and other non-equity based employee benefit plans of the Bank (the “Bank Benefit Plans”) in the same manner as immediately prior to the Effective Time, including without limitation, to the extent permissible, such Bank Benefit Plan to waive: (i) any pre-existing condition restriction that did not apply under the terms of any Bank Benefit Plan immediately prior to the Effective Time; and (ii) any waiting period limitation or evidence of insurability requirement which would otherwise be applicable to a NCB Employee on or after the Effective Time to the extent such NCB Employee had satisfied any similar limitation or requirement prior to the Effective Time.

Participation in Bank Benefit Plans. As of and following the Effective Time, the employees of PLAZA as of the Effective Time who continue to be employed by BANK after the Effective Time (collectively, the “Former PLAZA Employees”) shall be eligible to participate in BANK benefit plans in which the similarly situated employees of BANK participate, to the same extent as such similarly situated employees of BANK participate. With respect to each BANK benefit plan, BANK agrees that for purposes of determining eligibility to participate, vesting and benefits (other than benefit accruals under any defined benefit pension plan), service with PLAZA shall be treated as service with BANK; provided, however, that such service shall not be recognized to the extent that such recognition would result in a duplication of benefits. To the extent permitted by any insurer of a BANK benefit plan, BANK shall cause such BANK benefit plan to waive: (i) any pre-existing condition restriction that did not apply under the terms of any analogous PLAZA Benefit Plan immediately prior to the Effective Time; and (ii) any waiting period limitation or evidence of insurability requirement which would otherwise be applicable to a Former PLAZA Employee on or after the Effective Time to the extent such Former PLAZA Employee had satisfied any similar limitation or requirement under an analogous PLAZA Benefit Plan prior to the Effective Time for purposes of applying deductibles, co-payments and out-of-pocket maximums as though such amounts had been paid in accordance with the terms and conditions of the BHC Benefit Plan.