Post-Distribution Transitional Arrangements Clause Samples

Post-Distribution Transitional Arrangements. (a) Continuance of Elections, Co-Payments and Maximum Benefits. (i) As of the Distribution Date or such other date as Deluxe and eFunds may mutually agree, eFunds shall cause the eFunds Health and Welfare Plans to recognize and maintain all coverage and contribution elections made by eFunds Employees under the Deluxe Health and Welfare Plans and apply such elections under the eFunds Health and Welfare Plans for the remainder of the period or periods for which such elections are by their terms applicable. The transfer or other movement of employment between Deluxe to eFunds at any time upon or before the Distribution Date shall neither constitute nor be treated as a "status change" or termination of employment under the Deluxe Health and Welfare Plans or the eFunds Health and Welfare Plans. (ii) On and after the Distribution Date, eFunds shall cause the eFunds Health Plans to recognize and give credit for (A) all amounts applied to deductibles, out-of-pocket maximums, co-payments and other applicable benefit coverage limits with respect to which such expenses have been incurred by eFunds Employees under the Deluxe Health Plans for the remainder of the calendar year in which the Distribution Date occurs, and (B) all benefits paid to eFunds Employees under the Deluxe Health Plans for purposes of determining when such persons have reached their lifetime maximum benefits under, the eFunds Health Plans.

Post-Distribution Transitional Arrangements. (a) Continuance of Elections, Co-Payments and Maximum Benefits. ---------------------------------------------------------- (i) As of the Distribution Date (or such other date(s) as Catalytica and CESI may mutually agree), CESI shall cause the CESI Health and Welfare Plans to recognize and maintain all coverage and contribution elections made by CESI Employees under the Catalytica Health and Welfare Plans and apply such elections under the CESI Health and Welfare Plans for the remainder of the period or periods for which such elections are by their terms applicable. The transfer or other movement of employment between Catalytica and CESI at any time upon or before the Distribution Date shall neither constitute nor be treated as a "status change" or termination of employment under the Catalytica Health and Welfare Plans or the CESI Health and Welfare Plans. (ii) On and after the Distribution Date, CESI shall cause the CESI Health Plans to recognize and give credit for (A) all amounts applied to deductibles, out-of-pocket maximums, co-payments and other applicable benefit coverage limits with respect to which such expenses have been incurred by CESI Employees under the Catalytica Health Plans for the remainder of the calendar year in which the Distribution Date occurs, and (B) all benefits paid to CESI Employees under the Catalytica Health Plans for purposes of determining when such persons have reached their lifetime maximum benefits under the CESI Health Plans.

Post-Distribution Transitional Arrangements. (a) Continuance of Elections, Co-Payments and Maximum Benefits. (i) As of the Distribution Date or such other date as Southern and Southern Energy may mutually agree, Southern Energy shall cause the Southern Energy Health and Welfare Plans to maintain comparable coverage and contribution elections made by Southern Energy Employees under the Southern Health and Welfare Plans and apply such elections under the Southern Energy Health and Welfare Plans for the remainder of the period or periods for which such elections are by their terms applicable. The transfer or other movement of employment between Southern and Southern Energy at any time upon or before the Distribution Date shall constitute neither a "status change" under the Southern Health and Welfare Plans or the Southern Energy Health and Welfare Plans nor a "qualifying event," as defined under COBRA. To facilitate continuity of coverage following the transfer or other movement of employment between Southern and Southern Energy on the Distribution Date, however, Southern Energy Employees, their spouses and dependents shall be offered continued coverage under the Southern Health Plans which shall be substantially similar to the coverage that would be provided if the Distribution was a "qualifying event" under COBRA. Southern shall extend such continued coverage to Southern Energy Employees, their spouses and/or dependents who elect coverage provided the covered individual timely pays a premium equal to the premium charged to qualified beneficiaries under COBRA for such coverage (i.e., 102% of the cost of coverage). Southern agrees that it will not consider coverage under the Southern Energy Health Plans to be group health coverage that will terminate continued coverage to a Southern Energy Employee elected pursuant to this Subsection 6.03(a)(i). Moreover, Southern agrees to amend its plan, or cause its plan to be amended, to provide that such coverage shall be primary to any coverage provided under the Southern Energy Health Plans. (ii) On and after the Distribution Date, Southern Energy shall cause the Southern Energy Health Plans to recognize and give credit for (A) all amounts applied to deductibles, out-of-pocket maximums, co-payments and other applicable benefit coverage limits with respect to which such expenses have been incurred by Southern Energy Employees under the Southern Health Plans for the remainder of the calendar year in which the Distribution Date occurs, and (B) all benefits paid to S...

Post-Distribution Transitional Arrangements