Welfare Plan Claims Sample Clauses

Welfare Plan Claims. The applicable Seller shall retain responsibility for and continue to pay all medical, life insurance, disability and other welfare plan expenses and benefits for each IPC Employee with respect to claims incurred by such employees or their covered dependents prior to the Closing Date. Expenses and benefits with respect to claims incurred by IPC Employees or their covered dependents on or after the Closing Date shall be the responsibility of the Buyer. For purposes of this paragraph, a medical, life insurance, disability and other welfare benefit claim shall be deemed incurred when the services that are the subject of such claim are performed. The applicable Seller shall be responsible for all legally mandated continuation of health care coverage for any former IPC Employees and their covered dependents who participated in a plan maintained by such Seller and who had or have a loss of health care coverage due to a qualifying event (as defined under the Applicable Law) occurring prior to the Closing Date. Legally mandated health care coverage to which a former IPC Employee is entitled as a result of a qualifying event occurring on or after the Closing Date shall be the responsibility of the Buyer.

Welfare Plan Claims. Excluding those employee welfare benefit plans of the Company covered by third party insurance products as listed on Schedule 5.10(b), the Seller and its Affiliates (other than the Company) shall be responsible for the payment of any unpaid covered employee welfare benefit plan claims or expenses incurred on or prior to the Closing Date by the Company Employees employed by the Company as of the Closing (the “Continuing Employees”) (and their eligible spouses and dependents, as the case may be) and for any employee welfare benefit plan claims or expenses (whenever incurred) by any former employees of the Company (and their eligible spouses and dependents, as the case may be). Excluding those employee welfare benefit plans covered by third party insurance products, the Company, Neenah and their Affiliates (for clarity, such Affiliates do not include the Seller) shall be responsible for any unpaid covered employee welfare benefit plan claims or expenses incurred after the Closing Date by the Continuing Employees (and their eligible spouses and dependents, as the case may be). For purposes of this Section (b), an “employee welfare benefit plan” shall mean an employee welfare benefit plan as defined in Section 3(1) of ERISA. Whether an employer welfare benefit plan claim or expense is covered under a party’s employee welfare benefit plans shall be determined in accordance with the terms and conditions of the governing plan documents and insurance policies.

Welfare Plan Claims. On and after the Closing Date, Evenflo shall assume and pay all hospital, medical, life insurance, disability and all other Welfare Plan (as defined in Section 3(1) of ERISA) benefits and expenses for each Employee with respect to claims incurred before, on or after the Closing Date.