Common use of Severance Plans Clause in Contracts

Severance Plans. The Corporation Group shall retain all Liabilities with respect to severance payments made or to be made to Corporation Retirees including any liabilities for severance payments under the Corporation Transition Plans. The IMS Health Group shall retain all Liabilities with respect to severance payments made or to be made to IMS Health Retirees including any liabilities for severance payments under the Corporation Transition Plans. For purposes of this Section 5.3, the term "severance payments" shall include any welfare benefit coverage provided under severance plans.

Appears in 4 contracts

Samples: Employee Benefits Agreement (Cognizant Corp), Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Ims Health Inc)

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Severance Plans. The Corporation Group shall retain all Liabilities with respect to severance payments made or to be made to Corporation Retirees including any liabilities for severance payments under the Corporation Transition PlansRetirees. The IMS Health Group shall retain all Liabilities with respect to severance payments made or to be made to IMS Health Retirees including any liabilities for severance payments under the Corporation Transition PlansRetirees. For purposes of this Section 5.3, the term "severance payments" shall include any welfare benefit coverage provided under severance plans.

Appears in 1 contract

Samples: Employee Benefits Agreement (Ims Health Inc)

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