Preexisting Conditions; Coordination. Following the Closing Date, Buyer shall, or shall cause its Affiliates to, waive limitations on eligibility, enrollment and benefits relating to any preexisting medical conditions of the Transferred Employees and their eligible dependents to the same extent as any other new employee of Buyer. Following the Closing Date, Buyer shall recognize, or shall cause its Affiliates to also recognize, for purposes of annual deductible and out of pocket limits under its health and dental plans (the “Buyer Plans”), deductible and out of pocket expenses paid by Transferred Employees and their respective dependents under health and dental Company Plans in the calendar year in which the Closing Date occurs to the extent the Transferred Employees participate in any such Buyer Plans in such same calendar year.
Preexisting Conditions; Coordination. Following the Employment Start Date, Buyer shall: (i) waive limitations on eligibility, enrollment and benefits relating to any preexisting medical conditions of the Transferred Employees and their eligible dependents, and (ii) recognize for purposes of annual deductible and out of pocket limits under its health and dental plans (the “Buyer Plans”) for the plan year of the applicable Buyer Plan that includes the Employment Start Date, deductible and out of pocket expenses paid by Transferred Employees and their respective dependents under the applicable health and dental Employee Plans in the portion of the plan year ending on the date each such Transferred Employee begins participating in the analogous Buyer Plan to the extent the Transferred Employees participate in any such Buyer Plans.
Preexisting Conditions; Coordination. With respect to any welfare plan maintained by Buyer or any of its Subsidiaries in which any Transferred Employee is eligible to participate after the Closing Date, Buyer shall, or shall cause its Subsidiaries to, waive all limitations as to preexisting conditions and exclusions with respect to participation and coverage requirements applicable to such Transferred Employees and provide each Transferred Employee with credit for any co-payments and deductibles paid and for amounts paid toward any out-of-pocket maximums prior to the Closing Date in satisfying any analogous plan’s deductible or out-of-pocket requirements to the extent applicable under any such plan (other than a high deductible health plan with health savings accounts).
Preexisting Conditions; Coordination. Following the Employment Date, the Company shall, or shall cause its Affiliates to use commercially reasonable measures to, waive any waiting periods and actively at work requirements and any limitations on eligibility, enrollment and benefits relating to any preexisting medical conditions of Transferred Employees and their eligible dependents. Following the Employment Date, the Company shall use commercially reasonable measures to recognize, or shall cause its Affiliates to also recognize, for purposes of annual deductible and out of pocket limits under its medical and pharmacy plans (the “Company Plans”), deductible and out of pocket expenses paid by such Transferred Employees and their respective dependents under medical and pharmacy Business Plans in the calendar year in which the Employment Date occurs to the extent such Transferred Employees participate in any such Company Plans in such same calendar year.
Preexisting Conditions; Coordination. Following the Closing Date, Buyer shall, or shall cause its Affiliates (including the Acquired Companies) to, use reasonable best efforts to waive or cause to be waived all limitations as to preexisting conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to Transferred Employees and their eligible dependents under any health, medical, disability, life insurance or other welfare plans of the Buyer or its Affiliates (including the Acquired Companies) in which Transferred Employees commence participation after the Closing, such that each Transferred Employee shall commence participation in the health, medical, disability, life insurance and other welfare plans of the Buyer and its Affiliates immediately as of the Closing Date.
Preexisting Conditions; Coordination. Following the Closing Date, Buyer shall, or shall cause its Affiliates to, waive limitations on eligibility, enrollment and benefits relating to any preexisting medical conditions of the Transferred Employees and their eligible dependents. Following the Closing Date, Buyer shall recognize, or shall cause its Affiliates to also recognize, for purposes of annual deductible and out of pocket limits under its health and dental plans (the “Buyer Plans”), deductible and out of pocket expenses paid by Transferred Employees and their respective dependents under health and dental Company Benefit Plans in the calendar year in which the Closing Date occurs to the extent the Transferred Employees participate in any such Buyer Plans in such same calendar year.
Preexisting Conditions; Coordination. Following the Closing Date or the expiration of the applicable benefits transition period under this Section 8.5, if applicable, the Buyer shall, or shall cause its Subsidiaries to, use commercially reasonable efforts to cause to be waived limitations on eligibility, enrollment and benefits relating to any preexisting medical conditions of the Transferred Employees and their eligible dependents to the extent not applicable under the Company Employee Benefit Plans. Following the Closing Date or the expiration of the applicable benefits transition period under this Section 8.5, if applicable, the Buyer shall, or shall cause its Subsidiaries to, use commercially reasonable efforts to recognize for purposes of annual deductible and out of pocket limits under its health and dental plans (the “Buyer Health Plans”), deductible and out of pocket expenses paid by Transferred Employees and their respective dependents under health and dental Company Employee Benefit Plans in the calendar year in which the Closing Date occurs to the extent the Transferred Employees participate in any such Buyer Health Plans in such same calendar year. Notwithstanding any provision herein to the contrary, for a short transition period following the Closing Date determined by Buyer but not to extend beyond the end of the third calendar month following the Closing Date, Seller shall permit Buyer to offer group health benefits (including medical, dental, vision and prescription drug) to the Transferred Employees as a participating employer in Seller’s group health plan (“Seller’s Health Plan”). Seller shall ensure that Transferred Employees are covered by Seller’s existing stop-loss policy during the transition services period. Buyer shall be solely responsible for, and shall pay as and when due, all claims (up to applicable stop-loss limits, and net of (i) any premiums deducted from employee paychecks by Seller, if applicable under transition services, and (ii) COBRA premiums received by Seller directly from a Transferred Employee or his eligible dependents), costs and expenses of any such coverage with respect to Transferred Employees under Seller’s Health Plan for such transition period In that regard, Seller may determine to implement such transition coverage under Seller’s Health Plan by (i) periodically during the transition period billing Buyer for the premium equivalents related to such coverage and (ii) following such transition period, billing Buyer for the cost of any claims in...
Preexisting Conditions; Coordination. With respect to any welfare plan maintained by Buyer or any of its Affiliates (which, following the Closing, shall include the Group Companies) in which any Business Employee is eligible to participate after the Closing Date, Buyer shall, or shall cause its Affiliates to, waive all limitations as to preexisting conditions and exclusions with respect to participation and coverage requirements applicable to such Business Employee to the extent such provisions did not apply under the Benefits Arrangements in which such Business Employee participated immediately before the Closing, and provide each Business Employee with credit for any co-payments and deductibles paid and for amounts paid toward any out-of-pocket maximums prior to the Closing Date in satisfying any analogous plan’s deductible or out-of-pocket requirements to the extent applicable under any such plan.
Preexisting Conditions; Coordination. Following the Closing Date, Buyer shall, or shall cause its Affiliates to, waive limitations on eligibility, enrollment and benefits relating to any preexisting medical conditions of the Transferred Employees and their eligible dependents; provided, however, that such waiver of preexisting conditions shall not extend to any condition that prevented a Transferred Employee’s, spouse’s or dependent’s coverage under comparable Company Plans as of the Closing Date. Following the Closing Date, Buyer shall recognize, or shall cause its Affiliates to also recognize, for purposes of annual deductible and out of pocket limits under its health and dental plans (the “Buyer Plans”), deductible and out of pocket expenses paid by Transferred Employees and their respective dependents under health and dental Company Plans in the calendar year in which the Closing Date occurs to the extent the Transferred Employees participate in any such Buyer Plans in such same calendar year.
Preexisting Conditions; Coordination. The Acquiror shall, and shall cause its Affiliates to, waive limitations on benefits relating to any preexisting conditions of the Transferred Employees and their eligible dependents. The Acquiror shall also recognize, and cause its Affiliates to recognize, for purposes of annual deductible and out-of-pocket limits under its health and dental plans, deductible and out-of-pocket expenses paid by Transferred Employees and their respective dependents under Instrumentarium’s or any of its Affiliates’ health and dental plans in the calendar year in which the Closing Date occurs.
