Common use of Plan Limitations Clause in Contracts

Plan Limitations. In the event the Company is unable to provide any benefit required to be provided under this Agreement through a plan sponsored by the Company or its Affiliates, the Company shall, at its own cost and expense, take appropriate actions to insure that alternative arrangements are made so that equivalent benefits can be provided to the Employee, including to the extent appropriate purchasing for the benefit of the Employee (and if applicable the Employee's dependents) individual policies of insurance providing benefits, which on an after-tax basis, are equivalent to the benefits required to be provided hereunder.

Appears in 5 contracts

Samples: Agreement (Ingersoll Rand Co LTD), Agreement (Ingersoll Rand Co LTD), Agreement (Ingersoll Rand Co)

AutoNDA by SimpleDocs

Plan Limitations. In the event the Company is unable to provide any benefit required to be provided under this Agreement through a plan sponsored by the Company or its Affiliates, the Company shall, at its own cost and expense, take appropriate actions to insure that alternative arrangements are made so that equivalent benefits can be provided to the Employee, including to the extent appropriate purchasing for the benefit of the Employee (and if applicable the Employee's dependents) individual policies of insurance providing benefits, which on an after-tax basis, are equivalent to the benefits required to be provided hereunder.. EXHIBIT 10(iii)(f) Page 15 of 20

Appears in 1 contract

Samples: Ingersoll Rand Co

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.