Retiree Welfare Benefit Plans. Post (acting directly or through a member of the Post Group) shall no later than the Distribution Date sponsor a health plan and a life insurance plan for eligible retired Post Employees, former Post Employees and Delayed Transfer Employees substantially similar to the retiree provisions of the applicable Ralcorp Welfare Plans providing health or life insurance benefits to retirees to the extent applicable to Post Employees, former Post Employees and Delayed Transfer Employees. The Ralcorp Welfare Plans providing health or life insurance benefits to retirees shall transfer all Liabilities relating to Post Employees and former Post Employees to Post, the Post Group, and applicable Post Welfare Plans, and Ralcorp, the Ralcorp Group, and applicable Ralcorp Welfare Plans shall no longer have any Liability for retiree medical or life insurance obligations to any Post Employees or former Post Employees on or after the Distribution Date. The Ralcorp Welfare Plans providing health or life insurance benefits to retirees shall transfer to Post, the Post Group, and applicable Post Welfare Plans all Liabilities relating to Delayed Transfer Employees transferring from Ralcorp to Post and Ralcorp, the Ralcorp Group, and applicable Ralcorp Welfare Plans shall no longer have any Liability for retiree medical or life insurance obligations to any such Delayed Transfer Employee on or after the Transfer Date. Post shall have no Liability for retiree medical or life insurance obligations to Ralcorp Employees.
Appears in 4 contracts
Samples: Employee Matters Agreement (Post Holdings, Inc.), Employee Matters Agreement (Post Holdings, Inc.), Employee Matters Agreement (Post Holdings, Inc.)
