Waiver of Pre-existing Conditions; Credit for Deductibles; Service Credit Sample Clauses

Waiver of Pre-existing Conditions; Credit for Deductibles; Service Credit. With respect to Century’s and Surviving Corporation’s respective employee benefit plans, programs and arrangements (“Surviving Corporation Plans”), Century and Surviving Corporation will use, or cause to be used, commercially reasonable efforts to cause the Surviving Corporation Plans to: (a) waive all limitations as to pre-existing conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to the employees of Surviving Corporation under any Surviving Corporation Plan that such employees may be eligible to participate in after the Effective Date, (b) provide each employee of Surviving Corporation with credit for any co-payments and deductibles paid prior to the Effective Date in the plan year in which the Closing occurs for purposes of satisfying any applicable deductible or out-of-pocket requirements under any Surviving Corporation Plans that such employees are eligible to participate in after the Effective Date, and (c) provide each employee of Surviving Corporation with credit for all service with the Company and its Affiliates for all purposes under each Surviving Corporation Plan in which such employees are eligible to participate; provided that in no event shall the employees be entitled to any credit to the extent that it would result in a duplication of benefits with respect to the same period of service.