Common use of Retention by SpinCo of SpinCo Benefit Plans Clause in Contracts

Retention by SpinCo of SpinCo Benefit Plans. From and after the Effective Time, SpinCo shall retain all of the SpinCo Benefit Plans, including all related Liabilities and Assets, and any related trusts and other funding vehicles and insurance contracts related to any of such plans, other than as specifically provided in this Agreement. Nothing in this Agreement shall preclude SpinCo, at any time after the Effective Time, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any SpinCo Benefit Plan, any benefit under any SpinCo Benefit Plan or any trust, insurance policy or funding vehicle related to any SpinCo Benefit Plan, or any employment or other service arrangement with SpinCo Employees, independent contractors or vendors (to the extent permitted by Law).

Appears in 4 contracts

Samples: Employee Matters Agreement (Equitrans Midstream Corp), Employee Matters Agreement (EQT Corp), Employee Matters Agreement (Equitrans Midstream Corp)

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