Retiree Medical Plans. The Corporation's group medical and dental plans provide coverage to Media Information Employees and Arbitron Employees who retire on or after the Effective Date and satisfy the conditions for coverage. The retiree health care plans maintained by New Ceridian, as amended from time to time, shall provide coverage to Former Arbitron Employees who satisfy the conditions for coverage as amended from time to time and who terminated employment with the Corporation and its Subsidiaries prior to the Effective Date. No Arbitron Employee shall be eligible for coverage under the retiree health plans maintained by New Ceridian other than coverage related to employment with New Ceridian or its Subsidiaries after the Effective Date.
Retiree Medical Plans. Effective as of the Closing, each Transferred Employee who is eligible to become a participant upon termination of service in the Seller Retained Plans that provide retiree medical benefits set forth on Section 6.6(h) of the Seller Disclosure Letter (the “Seller Retiree Medical Plans”) as of the Closing (i) shall cease being eligible to become a participant, or accrue service towards eligibility, in the Seller Retiree Medical Plans, and Seller Parent and its Affiliates shall have no Liabilities in respect of the provision of post-retirement medical benefits to such Transferred Employee, and (ii) shall commence accruing service towards eligibility and level of benefits (taking into account the recognition of all prior service credit in accordance with Section 6.6(c)(iii)) in a retiree medical plan maintained by Purchaser or its Affiliates that provides benefits that are either (A) no less favorable than those provided under the applicable Seller Retiree Medical Plans, including with respect to an employer subsidy, or (B) the same as those provided to similarly situated Purchaser Business Employees (“Purchaser Retiree Medical Plan”), which Purchaser Retiree Medical Plan shall not be modified in a manner adverse to the Transferred Employees relative to other participants; provided, however, such plans shall have requirements for retirement-eligibility that are the same as those provided to other Purchaser Retiree Medical Plan participants or, if more favorable, during the Continuation Period, the same as the applicable Seller Retiree Medical Plan with respect to the Transferred Employees. Subject to continued employment, the Transferred Employees shall continue accruing service towards eligibility and levels of benefits thereunder, for at least the Continuation Period (or such longer period as required by applicable Law). This Section 6.6(h) shall not limit Purchaser’s obligations with respect to a Conveyed Subsidiary Plan or any other arrangement that provides for similar benefits as required by applicable Law, which shall be considered Purchaser Assumed Employee Liabilities, in accordance with Section 6.6(a)(i).
Retiree Medical Plans. Verigy Transferred Employees who are eligible for coverage under Agilent Non-Medicare Medical Plan or the Medicare Supplemental Plan (collectively, the "Agilent Retiree Medical Plans") as of the Distribution Date shall have thirty (30) days following the Distribution Date to elect coverage under the relevant Retiree Medical Plan, which coverage shall commence on January 1, 2007. Any Verigy Transferred Employee who is eligible for coverage under the relevant Retiree Medical Plan and who retires between the Separation Date and the Distribution Date shall have thirty (30) days following such retirement date to elect coverage under such plan, which coverage shall commence on the Verigy Transferred Employee's retirement date. In the case of a Verigy Transferred Employee who dies between the Separation Date and the Distribution Date, his or her spouse or domestic partner may elect coverage under the applicable Agilent Retiree Medical Plan, in accordance with the terms of the relevant Agilent Retiree Medical Plan. Agilent shall retain and be solely responsible for all Liabilities under, or relating to, or arising from, the Agilent Retiree Medical Plans with respect to each Verigy Transferred Employee and other Verigy Employee and his or her spouse, domestic partner and dependents, as applicable, for whom coverage has been elected under this Section 5.3.
Retiree Medical Plans. Employees Hired On of After January 1, 2009 – Effective January 1, 2009 37 Salary Enhancement Plans 34
Retiree Medical Plans. Seller shall retain all assets and liabilities relating to its retiree medical plans and with respect to its employees who retired before or on the Closing Date and all expenses relating to such retiree medical plans.
Retiree Medical Plans. The Corporation shall establish, effective as of the Effective Date, one or more group medical and dental plans that provide coverage to employees of the Corporation or any of its Subsidiaries who retire after the Effective Time and satisfy the conditions for coverage. The retiree health care plans maintained by New Ceridian, as amended from time to time, shall provide coverage to Former Arbitron Employees who satisfy the conditions for coverage as amended from time to time and who terminated employment with the Corporation and its Subsidiaries prior to the Effective Time. No Arbitron Employee shall be eligible for coverage under the retiree health plans maintained by New Ceridian other than coverage related to employment with New Ceridian or its Subsidiaries after the Effective Time.
Retiree Medical Plans. Parent shall retain all Liabilities and Assets under the Parent Retiree Medical Plans with respect to any Employee or Former Employee who immediately prior to the Effective Time is a participant in a Parent Retiree Medical. Such Employee and Former Employees shall be entitled to coverage under such Parent Retiree Medical Plan in accordance with and subject to the terms of such plan as such plan may be amended from time to time by a member of the Parent Group, unless such plan is terminated by a member of the Parent Group; provided that neither any SpinCo Group Employee nor any Former SpinCo Group Employee shall be entitled to additional service credit for services to a member of the SpinCo Group for any period following the Distribution Date or eligibility based on attaining a specified age subsequent to the Distribution Date. For the avoidance of doubt, (i) Parent or members of the Parent Group shall retain the right to modify, amend, alter or terminate the terms of any Parent Welfare Plan, including the Retiree Medical Plan and (ii) no member of the SpinCo Group shall be required to establish a retiree medical plan pursuant to the terms of this Agreement.
Retiree Medical Plans. Any Employee eligible as of the Cut-Off Date to retire from Sellers and qualify for retiree medical benefits under Sellers’ retiree medical plan(s) shall be entitled to receive such benefits under Sellers’ retiree medical plan(s), if the Employee elects to receive the benefits pursuant to the terms of Seller’s retiree medical plan(s). Sellers acknowledge that all such Employees electing to receive such retiree medical benefits shall be offered employment with Buyer effective immediately after the Effective Time. Buyer will not offer retiree medical benefits to any Employees, and will not be liable for retiree medical benefits under Seller’s retiree medical plan(s).
Retiree Medical Plans. Purchaser shall not retain any assets and/or liabilities relating to its retiree medical plans and with respect to its employees who retired before or on the Closing Date and all expenses relating to such retiree medical plans.
Retiree Medical Plans. Seller shall retain all assets and liabilities relating to its retiree medical plans and with respect to its Meridian Business Employees who retired before or on the Closing Date and all expenses relating to such retiree medical plans.
