Versum’s General Obligations as Participating Company Sample Clauses

Versum’s General Obligations as Participating Company. With respect to any Air Products Plan that provides benefits to a Versum Employee, whether by virtue of Section 3.1(b) above or by virtue of such Versum Employee having accrued benefits in any Air Products Plan while an employee of the Air Products Group, Versum will cooperate, before and after the Plan Transition Date, with Air Products on a timely basis with respect to such Plans, and Versum shall comply with the terms as set forth in such Plans or any procedures adopted pursuant thereto, including (without limitation): (i) assisting in the administration of claims, to the extent requested by the claims administrator of such Air Products Plan; (ii) cooperating fully with Air Products Plan auditors; (iii) the provision of payroll processing support; (iv) the qualification and administration of QDROs; (v) preserving the confidentiality of all financial arrangements Air Products has or may have with any entity or individual with whom Air Products has entered into an agreement relating to such Air Products Plan; and (vi) preserving the confidentiality of participant information to the extent not specified otherwise in this Agreement. In addition, Versum shall provide, or cause to be provided, all participant information that is necessary or appropriate for the efficient and accurate administration of each Air Products Plan or program that provides or has provided benefits to a Versum Employee during the period applicable to such Plan (including, without limitation, information related to the employment status of Versum Employees required to administer the Air Products Nonqualified Plans). Air Products and its respective authorized agents shall, subject to applicable laws of confidentiality and data protection, be given reasonable and timely access to, and may make copies of, all information relating to the subjects of this Agreement in the custody of the other party or its agents, to the extent necessary or appropriate for the administration of such Plans or programs.
Sample 1
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Related to Versum’s General Obligations as Participating Company

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  • Limitations and Conditions on Benefits The benefits and payments provided under this Agreement shall be subject to the following terms and limitations:

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  • Other Contribution Provisions In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, unless otherwise determined by the General Partner in its sole and absolute discretion, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such partner in cash and such Partner had contributed the cash to the capital of the Partnership. In addition, with the consent of the General Partner, one or more Limited Partners may enter into contribution agreements with the Partnership which have the effect of providing a guarantee of certain obligations of the Partnership.

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