SPECIAL PROVISIONS RELATING TO GROUP HEALTH COVERAGE Sample Clauses

SPECIAL PROVISIONS RELATING TO GROUP HEALTH COVERAGE. If Purchaser is unable to establish a Mirror Program that is a group health plan on reasonable commercial terms, Purchaser shall permit each New Employee who participated in a Sellers' group health plan immediately prior to Closing and his or her eligible dependents to be covered under a Replacement Program that is a group health plan as modified to the extent necessary to (i) provide medical and dental benefits to each such New Employee and such eligible dependents effective on the Closing Date, (ii) credit to such New Employee, for the year in which the Closing Date occurs, with any duplicative deductible payments incurred during such year under group health plan, and (iii) waive any preexisting condition restrictions to the extent that the preexisting condition restrictions were waived under Sellers' group health plan on the Closing Date. If Purchaser discontinues a Mirror Program that is a group health plan, Purchaser shall permit each New Employee who participated in the Mirror Program immediately prior to its discontinuance and his or her eligible dependents to be covered under a Replacement Program that is a group health plan as modified to the extent necessary to (i) provide medical and dental benefits to each such New Employee and such eligible dependents effective immediately upon the cessation of coverage of such individuals under such Mirror Program, (ii) credit to such New Employee, for the year during which such coverage under such Replacement Program begins, with any duplicative deductible payments incurred during such year under such group health plan, and (iii) waive any preexisting condition restrictions to the extent that the preexisting condition restrictions were waived under such Mirror Program on its discontinuance.
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Related to SPECIAL PROVISIONS RELATING TO GROUP HEALTH COVERAGE

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