Self-Insured Benefits. With respect to employee welfare benefits that are provided on a self-insured basis, (i) PNX (acting directly or through its Affiliates) shall fully perform, pay and discharge, within the timeframes applicable under the PNX Welfare Plan, all claims that are incurred under the PNX Welfare Plan through the Distribution Date, and (ii) Spinco (acting directly or through its Affiliates) shall fully perform, pay and discharge, within the timeframes applicable under the relevant Spinco Welfare Plan, all claims that are incurred under the Spinco Welfare Plans from and after the Distribution Date.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Virtus Investment Partners, Inc.), Employee Matters Agreement (Virtus Investment Partners, Inc.)
