Common use of Post-Distribution Transitional Arrangements Clause in Contracts

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.