Treatment under Plans Sample Clauses

Treatment under Plans. For purposes of determining eligibility to participate, vesting and entitlement to benefits where length of service is relevant under the benefit plans of Purchaser or its Affiliates, Acquired Company Employees shall receive service credit for service with the Acquired Companies to the same extent such service credit was granted under the applicable employee benefit plans of the Acquired Companies to the extent Seller or the Acquired Companies provide access to employee records in order to determine such service crediting. To the extent permitted by the terms of the applicable plans, Purchaser shall (and shall cause the Acquired Companies and other applicable Affiliates of Purchaser to) use commercially reasonable efforts to: (i) waive all limitations as to preexisting conditions exclusions and waiting periods with respect to participation and coverage requirements applicable to the Acquired Company Employees under any welfare benefit plans that such employees may be eligible to participate in after the Closing, other than limitations or waiting periods that are already in effect with respect to such employees and that have not been satisfied as of the Closing under any welfare benefit plan maintained for the Acquired Company Employees immediately prior to the Closing; and (ii) provide each Acquired Company Employee with credit for any co-payments and deductibles paid prior to the Closing in satisfying any applicable deductible or out of pocket requirements under any welfare plans that such employees are eligible to participate in after the Closing.