Common use of Waiver of Restrictions Clause in Contracts

Waiver of Restrictions. Newco shall take all steps necessary to cause each VERITAS Employee Plan which is an "employee welfare benefit plan" under Section 3(1) of ERISA to waive any restrictions or limitations with respect to "pre-existing conditions" or prior medical history which would apply to transferring Employee or beneficiary thereof who is otherwise eligible to participate in such VERITAS Employee Plan and VERITAS Benefit Arrangement from participating in such plan or arrangement without restriction or limitation.

Waiver of Restrictions. Newco shall take all steps necessary to ---------------------- cause each VERITAS Employee Plan which is an "employee welfare benefit plan" under Section 3(1) of ERISA to waive any restrictions or limitations with respect to "pre-existing conditions" or prior medical history which would apply to transferring Employee or beneficiary thereof who is otherwise eligible to participate in such VERITAS Employee Plan and VERITAS Benefit Arrangement from participating in such plan or arrangement without restriction or limitation.

Waiver of Restrictions. Newco shall take all steps ---------------------- necessary to cause each VERITAS Employee Plan which is an "employee welfare benefit plan" under Section 3(1) of ERISA to waive any restrictions or limitations with respect to "pre-existing conditions" or prior medical history which would apply to transferring Employee or beneficiary thereof who is otherwise eligible to participate in such VERITAS Employee Plan and VERITAS Benefit Arrangement from participating in such plan or arrangement without restriction or limitation.