Common use of Special Prescription Drug Rules Clause in Contracts

Special Prescription Drug Rules. With respect to Entergy’s prescription drug program, (i) Entergy shall retain any prescription drug rebate or settlement from any medical claim administrator, pharmaceutical company or insurer regardless of the date of payment to the extent they are associated with claims that are incurred prior to the Closing Date, and (B) Entergy shall retain any Medicare Part D subsidy by the federal government regardless of the date of payment to the extent they are associated with claims that are incurred prior to the Closing Date.

Appears in 3 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (ITC Holdings Corp.), Employee Matters Agreement (Entergy Texas, Inc.)

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Special Prescription Drug Rules. With respect to Entergy’s 's prescription drug program, (i) Entergy shall retain any prescription drug rebate or settlement from any medical claim administrator, pharmaceutical company or insurer regardless of the date of payment to the extent they are associated with claims that are incurred prior to the Closing Date, and (B) Entergy shall retain any Medicare Part D subsidy by the federal government regardless of the date of payment to the extent they are associated with claims that are incurred prior to the Closing Date.

Appears in 1 contract

Samples: Merger Agreement

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