Termination of Insurance Coverage. Except as set forth on Schedule 4.8, Purchaser acknowledges that all insurance coverage for the Purchased Assets, the Assumed Liabilities and the Purchased Entities under policies of Seller, Rexam and their respective Affiliates (other than the Purchased Entities) shall terminate as of the Closing and, following the Closing, no claims may be brought against any such policy of Seller, Rexam and their respective Affiliates in respect of the Purchased Assets, the Assumed Liabilities and the Purchased Entities regardless of whether the events underlying such claim arose prior to or after the Closing.
Termination of Insurance Coverage. Purchaser acknowledges that, except to the extent provided in this Section 4.11, all insurance coverage for the Company and its Subsidiaries under policies of Seller and its Affiliates (collectively, “Seller Insurance Policies”) shall terminate as of the Closing. Notwithstanding the foregoing, the Company and its Subsidiaries shall remain entitled from and after the Closing to all coverage and other rights under (i) Seller Insurance Policies with respect to any claim, act, omission, event, circumstance, occurrence or loss that occurred or existed prior to the Closing Date (and then only to the extent that such claim, act, omission, event, circumstance, occurrence or loss occurred or existed on or prior to the Closing Date) (a “Pre-Closing Date Event”) and was reported to the applicable insurer in accordance with the provisions of the applicable Seller Insurance Policy prior to the Closing Date and (ii) occurrence-based insurance coverage under Seller Insurance Policies (the “Occurrence-Based Coverage”), in respect of any loss or liability arising from a Pre-Closing Date Event that is insured or potentially insured in whole or in part under any Occurrence-Based Coverage. Seller and its Affiliates shall provide reasonable cooperation, including to the extent necessary by naming Purchaser as additional insured or pursuing claims on behalf of Purchaser, to the Company and its Subsidiaries (at the sole expense of the Company) in the pursuit of any such coverage and other rights (it being understood that such cooperation does not include commencement or prosecution of litigation by Seller against an insurer).
Termination of Insurance Coverage. A full-time teacher who separates employment with the District during the contractual period shall continue District insurance benefits through the end of the last month of employment. Providing contracts are fulfilled, insurance will be covered through August for one-year only contracts, retirees, and resignations.
Termination of Insurance Coverage. At or after the Closing, Ferro and its Affiliates will have the right to terminate any and all insurance coverage affecting the Subsidiary with the effect that Akzo Nobel China will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Subsidiary. Akzo Nobel China will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies to the extent the recovery relates to a claim made prior to Closing. Ferro will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. (a) The Employer's contributions toward the cost of the hospital/medical insurance and life insurance benefits provided for eligible employees pursuant to this Agreement shall be subject to continuation and/or termination as follows:
(i) Such contributions will be continued for the first one (1) year of an approved leave of absence due to disability compensable by Worker's Compensation.
(ii) Such contributions will be continued so long as an employee is on an approved and fully paid leave of absence.
(iii) Such contributions will be continued during the first twelve (12) weeks (480 hours) of an approved but unpaid medical leave or leaves covered under the Family Medical Leave Act as if the employee had continued to work. If the employee is currently required to pay a portion of the cost of the health plan coverage, he must continue to make this payment.
(iv) Such contributions will be continued during the first thirty (30) calendar days of an approved but unpaid personal leave.
(v) Such contributions shall be continued for the first thirty (30) calendar days of any layoff.
(vi) Such contributions shall only be continued for the periods prescribed above to the extent allowed by the applicable policy or policies of insurance; and such contributions shall not be continued beyond the periods prescribed above.
(vii) Such contributions shall be discontinued immediately upon termination of the employee's employment.
(viii) Such contributions will be continued during leaves for a newborn or a newly placed child and leaves for the care of a family member but only for an aggregate maximum of twelve (12) weeks in a twelve (12) month period for both forms of leave combined.
(b) After an employee has exhausted his FMLA 12 weeks (480 hours), he may continue coverage for any period with respect to which the Employer's obligation does not exist or apply. The employee shall have the sole responsibility for making all arrangements and payments necessary for the continuance of such coverage at his own expense; provided, however, that an employee having an approved leave of absence or who is on layoff may make arrangements with the Human Resources Department for continuance of the employee's insurance coverage (at his own expense) if:
(i) The employee requests such continuation in writing to the Human Resources Department thirty (30) or more days in advance of the date when the employee's payment would be due; and
(ii) The employee makes the required premium payment to the Hu...
Termination of Insurance Coverage. 1. A full time Employee who separates employment with the District during the contractual period shall continue to receive District paid insurance benefits through the last day of the month of employment.
2. An Employee who resigns from the District at the end of the contractual year shall continue to receive District paid insurance benefits through June 30th.
3. An Employee who retires from the District shall continue to receive District paid insurance benefits for 90 days past the natural expiration of coverage.
Termination of Insurance Coverage. At or after the Closing, except as provided in the Transition Services Agreement with respect to the Ferro Sellers’ stop loss coverage for self-insured medical benefits, the Ferro Sellers and their Affiliates will have the right to terminate any and all insurance coverage affecting the Specialty Plastics Business with the effect that Olympic Plastics will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Specialty Plastics Business. The Specialty Plastics Business will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies in respect of insured events that occurred before the Closing and the Ferro Sellers will promptly pay over such net recoveries upon receipt. The Ferro Sellers will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. At or after the Closing, the Ferro Sellers and their Affiliates will have the right to terminate any and all insurance coverage affecting the Powder Coatings Business with the effect that International Paint will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Powder Coatings Business. International Paint will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies to the extent the recovery constitutes an Acquired Asset as a Third Party Claim related to an Acquired Asset or an Assumed Liability. The Ferro Sellers will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. At or after the Closing, the Ferro Sellers and their Affiliates will have the right to terminate any and all insurance coverage affecting the Powder Coatings Business, with the effect that the RandH Buyers will have no right of recovery with respect to any claim under policies or for refunds of premiums of insurance that previously covered the Powder Coatings Business. The Powder Coatings Business will, however, continue to be entitled to recoveries (net of deductibles and out-of-pocket claims handling costs) after the Closing under occurrence-based insurance policies in respect of insured events that occurred before the Closing and the Ferro Sellers will promptly pay over such net recoveries upon receipt. The Ferro Sellers will be responsible for the administration of claims for such recoveries.
Termination of Insurance Coverage. Each Purchaser acknowledges that all insurance coverage for the Company and its Subsidiaries under policies of Visteon and its Affiliates, as set forth in Schedule 4.12, shall terminate as of the Closing and, following the Closing, no claims may be brought against any policy of Visteon and its Affiliates in respect of the Company and its Subsidiaries regardless of whether the events underlying such claim arose prior to or after the Closing.
