Retiree Health and Life Insurance Benefits. (a) Establishment of Certegy Plan Effective Immediately after the Distribution Date, Certegy shall adopt or cause to be adopted a Certegy Plan or Plans that provide medical and life benefits to retirees. As of Immediately after the Distribution Date, the retiree health and life benefits under such plan or plans shall be substantially identical to the retiree health and life benefits that would have been provided under the Equifax Plan or Plans to similarly situated retirees immediately prior to the Close of the Distribution Date. Thereafter, nothing in this Agreement shall restrict the right of Certegy to amend or terminate benefits for retirees. In addition, nothing in this Agreement shall restrict the right of Equifax to amend or terminate, at any time, benefits for retirees.
Retiree Health and Life Insurance Benefits. Except as described in Schedule 4.14, no retiree health or retiree life insurance benefits are provided under the terms of any Plan that is maintained, or otherwise contributed to, by the Borrower for the benefit of employees (including, without limi tation, any retired employees), except as may be required by law.
Retiree Health and Life Insurance Benefits. Purchaser shall not assume any liabilities or obligations of Sellers for benefits payable to Transferred US Employees under any of Sellers' retiree medical benefit or retiree life insurance benefit programs.
Retiree Health and Life Insurance Benefits. Business Employees who have met the age and service requirements for retirement on or as of the Closing Date (or, if applicable, the Effective Date) whose names are set forth on Section 6.05 to the Disclosure Schedule shall be eligible to receive retiree health benefits from each of the Sellers' plan providing such benefits ("SELLERS' RETIREE PLAN") for themselves and their eligible dependents, when they retire from the Purchaser under the terms and conditions of the Plans in effect when they retire; provided, however, that the right of such Business Employees to receive such benefits from Sellers or their respective Affiliates are subject to the availability of and terms and conditions of Sellers' Retiree Plan at the time the Business Employee retires from Purchaser. Notwithstanding any other term of this Agreement, in no event will Purchasers be liable for any cost or expense of such coverage under Seller's Retiree Plan.
Retiree Health and Life Insurance Benefits. No retiree health or life insurance benefits are provided in an aggregate amount that is material to the operations, business, property, assets or financial condition of the Parent and its Subsidiaries taken as a whole under the terms of any Employee Benefit Plan that is maintained, or otherwise contributed to, by any Obligor, any Subsidiary of any Obligor or any ERISA Affiliate for the benefit of the employees (including, without limitation, any retired employees) of any Obligor, any Subsidiary of any Obligor or any ERISA Affiliate.
Retiree Health and Life Insurance Benefits. BBT does not currently, and never has, offered or provided retiree medical and/or life insurance benefits to its employees.
Retiree Health and Life Insurance Benefits. Effective immediately after the Distribution Date, Spinco shall adopt a Spinco Plan or Plans to provide any retiree medical or life insurance benefits that are required to be provided to Transferred Individuals. Any retiree medical or life insurance benefits provided shall be substantially identical to the retiree medical or life insurance benefits that would have been provided under an NSI Plan for such individuals, subject to the right of Spinco to amend or terminate any such retiree benefits. In the case of any individual who is not a Transferred Individual, NSI will retain the liability for providing any retiree medical or life insurance benefits required to be provided to such individual, subject to the right of NSI to amend or terminate any such retiree benefits.
Retiree Health and Life Insurance Benefits. (a) Establishment of PSI Plan Effective Immediately after the Distribution Date, PSI shall adopt or cause to be adopted a PSI Plan or Plans that provide medical and life benefits to retirees. As of Immediately after the Distribution Date, the retiree health and life benefits under such plan or plans shall be substantially identical to the retiree health and life benefits that would have been provided under the Equifax Plan or Plans to similarly situated retirees immediately prior to the Close of the Distribution Date. Thereafter, nothing in this Agreement shall restrict the right of PSI to amend or terminate benefits for retirees. In addition, nothing in this Agreement shall restrict the right of Equifax to amend or terminate, at any time, benefits for retirees.
Retiree Health and Life Insurance Benefits. Section 10.6. Employee Welfare Plans...........................46 Section 10.7. Severance and WARN Act Liability.................47 Section 10.8. Health Care Continuation Coverage................47 Section 10.9. Post-Closing Retirees............................47 Section 10.10. Support Employees................................48
Retiree Health and Life Insurance Benefits. Buyer shall, as of the Closing Date, assume all liabilities and obligations of Seller for the benefits payable or to become payable to all Transferred Employees and their beneficiaries under the medical benefit and life insurance benefit programs covering retired employees that are identified in Schedule 10.5.
