Retiree Medical Coverage. Effective on October 31, 2008, Spinco Employees who are eligible for a retiree medical coverage under the PNX Welfare Plan (“PNX Retiree Medical Coverage”) and are actively employed and not on long-term disability leave will retain their eligibility for such coverage under the PNX Welfare Benefit Plan, on the same terms and conditions that exist from time to time for participants eligible for retiree coverage. Any Spinco Employee who is not eligible for PNX Retiree Medical Coverage on October 31, 2008 is not eligible for nor entitled to PNX Retiree Medical Coverage.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Phoenix Companies Inc/De), Employee Matters Agreement (Virtus Investment Partners, Inc.)
