Common use of Service Recognition Clause in Contracts

Service Recognition. (a) From and after the Distribution Date, and in addition to any applicable obligations under the Transfer Regulations or other applicable Law, Veralto shall, and shall cause each member of the Veralto Group to, give each Veralto Employee full credit for purposes of eligibility, vesting, and determination of level of benefits under any Veralto Benefit Arrangement for such Veralto Employee’s prior service with any member of the ▇▇▇▇▇▇▇ Group or Veralto Group or any predecessor thereto, to the same extent such service was recognized by the applicable ▇▇▇▇▇▇▇ Benefit Arrangement; provided, that, such service shall not be recognized to the extent it would result in the duplication of benefits. (b) Except to the extent prohibited by applicable Law, as soon as administratively practicable on or after the Distribution Date: (i) Veralto shall waive or cause to be waived all limitations as to preexisting conditions or waiting periods with respect to participation and coverage requirements applicable to each Veralto Employee under any Veralto Welfare Plan in which Veralto Employees participate (or are eligible to participate) to the same extent that such conditions and waiting periods were satisfied or waived under an analogous ▇▇▇▇▇▇▇ Welfare Plan, and (ii) Veralto shall provide or cause each Veralto Employee to be provided with credit for any co-payments, deductibles or other out-of-pocket amounts paid during the plan year in which the Veralto Employees become eligible to participate in the Veralto Welfare Plans in satisfying any applicable co-payments, deductibles or other out-of-pocket requirements under any such plans for such plan year.

Service Recognition. (a) From and after the Distribution DateEffective Time, and in addition to any applicable obligations under the Transfer Regulations or other applicable Law, Veralto SpinCo shall, and shall cause each member of the Veralto SpinCo Group to, give each Veralto Employee Holcim Transferee full credit for purposes of eligibility, vesting, and determination of level of benefits under any Veralto SpinCo Benefit Arrangement for such Veralto EmployeeHolcim Transferee’s prior service with any member of the ▇▇▇▇▇▇▇ Holcim Group or Veralto SpinCo Group or any predecessor thereto, to the same extent such service was recognized by the applicable ▇▇▇▇▇▇▇ Holcim Benefit Arrangement; provided, provided that, such service shall not be recognized to the extent it would result in the duplication of benefits. (b) Except to the extent prohibited by applicable LawLaw or regulations, as soon as administratively practicable on or after the Distribution Plan Transition Date: (i) Veralto SpinCo shall waive or cause to be waived all limitations as to preexisting conditions or waiting periods with respect to participation and coverage requirements applicable to each Veralto Employee Holcim Transferee under any Veralto SpinCo Welfare Plan in which Veralto Employees Holcim Transferees participate (or are eligible to participate) to the same extent that such conditions and waiting periods were satisfied or waived under an analogous ▇▇▇▇▇▇▇ Holcim Welfare Plan, and (ii) Veralto SpinCo shall provide or cause each Veralto Employee Holcim Transferee to be provided with credit for any co-payments, deductibles or other out-of-pocket amounts paid during the plan year in which the Veralto Employees Holcim Transferees become eligible to participate in the Veralto SpinCo Welfare Plans in satisfying any applicable co-payments, deductibles or other out-of-pocket requirements under any such plans for such plan year.

Service Recognition. (a) From and after the Distribution DateEffective Time, and in addition to any applicable obligations under the Transfer Regulations or other applicable Law, Veralto Vontier shall, and shall cause each member of the Veralto Vontier Group to, give each Veralto Vontier Employee full credit for purposes of eligibility, vesting, and determination of level of benefits under any Veralto Vontier Benefit Arrangement for such Veralto Vontier Employee’s prior service with any member of the ▇▇▇▇▇▇▇ Fortive Group or Veralto Vontier Group or any predecessor thereto, to the same extent such service was recognized by the applicable ▇▇▇▇▇▇▇ Fortive Benefit Arrangement; provided, that, such service shall not be recognized to the extent it would result in the duplication of benefits. (b) Except to the extent prohibited by applicable Law, as soon as administratively practicable on or after the Distribution Plan Transition Date: (i) Veralto Vontier shall waive or cause to be waived all limitations as to preexisting conditions or waiting periods with respect to participation and coverage requirements applicable to each Veralto Vontier Employee under any Veralto Vontier Welfare Plan in which Veralto Vontier Employees participate (or are eligible to participate) to the same extent that such conditions and waiting periods were satisfied or waived under an analogous ▇▇▇▇▇▇▇ Fortive Welfare Plan, and (ii) Veralto Vontier shall provide or cause each Veralto Vontier Employee to be provided with credit for any co-payments, deductibles or other out-of-pocket amounts paid during the plan year in which the Veralto Vontier Employees become eligible to participate in the Veralto Vontier Welfare Plans in satisfying any applicable co-payments, deductibles or other out-of-pocket requirements under any such plans for such plan year.

Service Recognition. (a) From and after the Distribution DateEffective Time, and in addition to any applicable obligations under the Transfer Regulations or other applicable Law, Veralto Envista shall, and shall cause each member of the Veralto Envista Group to, give each Veralto Envista Employee full credit for purposes of eligibility, vesting, and determination of level of benefits under any Veralto Envista Benefit Arrangement for such Veralto Envista Employee’s prior service with any member of the ▇▇▇▇▇▇▇ Group or Veralto Envista Group or any predecessor thereto, to the same extent such service was recognized by the applicable ▇▇▇▇▇▇▇ Benefit Arrangement; provided, that, such service shall not be recognized to the extent it would result in the duplication of benefits. (b) Except to the extent prohibited by applicable Law, as soon as administratively practicable on or after the Distribution Plan Transition Date: (i) Veralto Envista shall waive or cause to be waived all limitations as to preexisting conditions or waiting periods with respect to participation and coverage requirements applicable to each Veralto Envista Employee under any Veralto Envista Welfare Plan in which Veralto Envista Employees participate (or are eligible to participate) to the same extent that such conditions and waiting periods were satisfied or waived under an analogous ▇▇▇▇▇▇▇ Welfare Plan, and (ii) Veralto Envista shall provide or cause each Veralto Envista Employee to be provided with credit for any co-payments, deductibles or other out-of-pocket amounts paid during the plan year in which the Veralto Envista Employees become eligible to participate in the Veralto Envista Welfare Plans in satisfying any applicable co-payments, deductibles or other out-of-pocket requirements under any such plans for such plan year.

Service Recognition. (a) From and after Effective no later than the Distribution DateEffective Time, and in addition to any applicable obligations under the Transfer Regulations or other applicable Law, Veralto SpinCo shall, and shall cause each member of the Veralto SpinCo Group to, give each Veralto SpinCo Employee full credit for purposes of eligibility, vesting, and determination of level of benefits under any Veralto SpinCo Benefit Arrangement for such Veralto SpinCo Employee’s prior service with any member of the ▇▇▇▇▇▇▇ Parent Group or Veralto SpinCo Group or any predecessor thereto, to the same extent such service was recognized by the applicable ▇▇▇▇▇▇▇ Parent Benefit Arrangement; provided, that, such service shall not be recognized to the extent it would result in the duplication of benefits. (b) Except to the extent prohibited by applicable Law, on or as soon as administratively practicable on or after the Distribution Date: Effective Time, (i) Veralto SpinCo shall waive or cause to be waived all limitations as to preexisting conditions or waiting periods with respect to participation and coverage requirements applicable to each Veralto SpinCo Employee under any Veralto SpinCo Welfare Plan in which Veralto SpinCo Employees participate (or are eligible to participate) to the same extent that such conditions and waiting periods were satisfied or waived under an analogous ▇▇▇▇▇▇▇ Parent Welfare Plan, and (ii) Veralto SpinCo shall provide or cause each Veralto SpinCo Employee to be provided with credit for any co-payments, deductibles or other out-of-pocket amounts paid during the plan year in which the Veralto SpinCo Employees become eligible to participate in the Veralto SpinCo Welfare Plans in satisfying any applicable co-payments, deductibles or other out-of-pocket requirements under any such plans for such plan year.