Common use of U.S. OPEB Plans Clause in Contracts

U.S. OPEB Plans. (i) Effective no later than the Effective Time, the participation of each Fortive Employee who is a participant in a Xxxxxxx U.S. OPEB Plan shall automatically cease and (ii) effective no later than the date of such cessation, Fortive shall or shall cause a member of the Fortive Group to (A) have in effect retiree health and welfare benefit plans for the benefit of each Fortive Employee (the “Fortive OPEB Plans”) with terms that are substantially similar to those provided to the applicable Fortive Employee under the Xxxxxxx U.S. OPEB Plans immediately prior to the date on which such Fortive OPEB Plans become effective and (B) fully perform, pay and discharge all obligations of the Xxxxxxx U.S. OPEB Plans relating to Fortive Employees. (b) Xxxxxxx shall retain all Liabilities relating to the Xxxxxxx U.S. OPEB Plans in respect of each Former Fortive Service Provider.

U.S. OPEB Plans. (a) (i) Effective no later than the Effective TimePlan Transition Date, the participation of each Fortive Envista Employee who is a participant in a Xxxxxxx U.S. OPEB Plan shall automatically cease and (ii) effective no later than the date of such cessation, Fortive Envista shall or shall cause a member of the Fortive Envista Group to (A) have in effect retiree health and welfare benefit plans for the benefit of each Fortive Envista Employee (the “Fortive Envista OPEB Plans”) with terms that are substantially similar to those provided to the applicable Fortive Envista Employee under the Xxxxxxx U.S. OPEB Plans immediately prior to the date on which such Fortive Envista OPEB Plans become effective and (B) fully perform, pay and discharge all obligations of the Xxxxxxx U.S. OPEB Plans relating to Fortive Envista Employees. (b) Xxxxxxx shall retain all Liabilities relating to the Xxxxxxx U.S. OPEB Plans in respect of each Former Fortive Envista Service Provider.