Common use of Welfare Benefits and Other Benefits and Policies Clause in Contracts

Welfare Benefits and Other Benefits and Policies. For each Transferred Employee who participates in any welfare benefit plan, or is subject to any policy or pay practice, of Buyer, both Buyer and the applicable welfare benefit, policy and pay practice (i) shall recognize the Transferred Employee's recognized credited service amounts with Seller and other members of the BP Group for all purposes including eligibility, vesting and benefit determination and accrual; (ii) shall not require a physical examination or other proof of insurability, and shall waive all coverage exclusions and limitations relating to waiting periods or pre-existing conditions, with respect to any of the Transferred Employees or any dependent covered by Seller's and other members of the BP Group's comparable welfare benefit plan, policy or pay practice in effect as of the Closing Date; and (iii) shall credit the expenses of the Transferred Employees which were credited toward deductibles or co-payments for the year in which the Closing occurs under the applicable welfare benefit plan of Seller or other members of the BP Group against satisfaction of any deductibles or co-payments for the year in which the Closing occurs under Buyer's medical welfare benefit plan for the Transferred Employees.

Welfare Benefits and Other Benefits and Policies. For each Transferred Employee who participates in any welfare benefit plan, or is subject to any policy or pay practice, of Buyer, both Buyer and the applicable welfare benefit, policy and pay practice (i) shall recognize the Transferred Employee's recognized credited service amounts with Seller and other members of the BP Group for all purposes including eligibility, vesting vesting, and benefit determination and accrual; (ii) shall not require a physical examination or other proof of insurability, and shall waive all coverage exclusions and limitations relating to waiting periods or pre-existing conditions, with respect to any of the Transferred Employees or any dependent covered by Seller's and other members of the BP Group's comparable welfare benefit plan, policy or pay practice in effect as of the Closing Date; and (iii) shall credit the expenses of the Transferred Employees which were credited toward 2001 deductibles or co-payments for the year in which the Closing occurs under the applicable welfare benefit plan of Seller or other members of the BP Group against satisfaction of any 2001 deductibles or co-payments for the year in which the Closing occurs under Buyer's medical welfare benefit plan for the Transferred Employees.

Welfare Benefits and Other Benefits and Policies. For each Transferred Employee who participates in any welfare benefit plan, or is subject to any policy or pay practice, of Buyer, both Buyer and the applicable welfare benefit, policy and pay practice (i) shall recognize the Transferred Employee's recognized credited service amounts with Seller and other members of the BP Group for all purposes including eligibility, vesting and benefit determination and accrual; (ii) shall not require a physical examination or other proof of insurability, and shall waive all coverage exclusions and limitations relating to waiting periods or pre-existing conditions, with respect to any of the Transferred Employees or any dependent covered by Seller's and other members of the BP Group's comparable welfare benefit plan, policy or pay practice in effect as of the Closing Date; and (iii) shall credit the expenses of the Transferred Employees which were credited toward 2001 deductibles or co-payments for the year in which the Closing occurs under the applicable welfare benefit plan of Seller or other members of the BP Group against satisfaction of any 2001 deductibles or co-payments for the year in which the Closing occurs under Buyer's medical welfare benefit plan for the Transferred Employees.

Welfare Benefits and Other Benefits and Policies. For each of the Transferred Employee Employees who participates in any welfare benefit plan, or is subject to any policy or pay practice, of Buyer, both Buyer and the applicable welfare benefit, policy and pay practice (i) shall recognize the Transferred Employee's ’s recognized credited service amounts with Seller and any other members member of the BP Amoco Group for all purposes including including, but not limited to, eligibility, vesting and benefit determination and accrual; (ii) shall not require a an physical examination or other proof of insurability, and shall waive all coverage exclusions and limitations relating to waiting periods or pre-existing conditions, with respect to any of the Transferred Employees or any dependent covered by Seller's and other members of the BP Group's ’s comparable welfare benefit plan, policy or pay practice in effect as of the Closing Date; and (iii) shall credit the expenses of the Transferred Employees which were credited toward 2000 deductibles or co-payments for the year in which the Closing occurs under the applicable welfare benefit plan of Seller or other members of the BP Amoco Group against satisfaction of any 2000 deductibles or co-payments for the year in which the Closing occurs under Buyer's ’s medical welfare benefit plan plans for the Transferred Employees.