{"component": "clause", "props": {"groups": [{"samples": [{"hash": "jBjS4Z8pOhZ", "uri": "/contracts/jBjS4Z8pOhZ#welfare-plans", "label": "Executive Employment Agreement (Allied Waste Industries Inc)", "score": 21.0, "published": true}, {"hash": "fUqgrvgFyB6", "uri": "/contracts/fUqgrvgFyB6#welfare-plans", "label": "Executive Employment Agreement (Allied Waste Industries Inc)", "score": 21.0, "published": true}, {"hash": "ejHNI33pvvR", "uri": "/contracts/ejHNI33pvvR#welfare-plans", "label": "Executive Employment Agreement (Allied Waste Industries Inc)", "score": 21.0, "published": true}], "size": 23, "snippet": "The Executive shall be eligible to participate in and shall receive all benefits under each welfare benefit plan of the Company currently maintained or subsequently established by the Company for the benefit of its similarly-situated executive officers. Such welfare benefit plans may include medical, dental, vision, disability, group life, accidental death and travel accident insurance plans and programs (collectively \u201cWelfare Plans\u201d). The Executive\u2019s participation in the Welfare Plans shall be governed by the terms and conditions of those plans.", "snippet_links": [{"key": "the-executive", "type": "clause", "offset": [0, 13]}, {"key": "participate-in", "type": "definition", "offset": [35, 49]}, {"key": "of-the-company", "type": "clause", "offset": [113, 127]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [192, 210]}, {"key": "executive-officers", "type": "definition", "offset": [234, 252]}, {"key": "welfare-benefit-plans", "type": "definition", "offset": [259, 280]}, {"key": "group-life", "type": "clause", "offset": [330, 340]}, {"key": "accidental-death", "type": "clause", "offset": [342, 358]}, {"key": "plans-and-programs", "type": "clause", "offset": [389, 407]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [516, 539]}], "hash": "c28e32e0095c246cf5805efcc34fb541", "id": 3}, {"samples": [{"hash": "JEACCVeuVp", "uri": "/contracts/JEACCVeuVp#welfare-plans", "label": "Asset and Stock Purchase Agreement (Catalyst Paper Corp)", "score": 21.0, "published": true}, {"hash": "9LlgbKfso4w", "uri": "/contracts/9LlgbKfso4w#welfare-plans", "label": "Asset and Stock Purchase Agreement (AbitibiBowater Inc.)", "score": 21.0, "published": true}, {"hash": "99CixypcpaQ", "uri": "/contracts/99CixypcpaQ#welfare-plans", "label": "Asset and Stock Purchase Agreement (Catalyst Paper Corp)", "score": 21.0, "published": true}], "size": 69, "snippet": "Effective as of the Closing Date, Purchaser shall provide group health, life insurance, long term disability and other welfare and fringe benefit plan coverage and benefits (for the purposes of this Section 6.8, \u201cPurchaser\u2019s Health, Welfare and Fringe Benefit Plans\u201d) for Newsprint Employees and Apache Employees who are offered and accept employment with Purchaser as of the Closing Date and who otherwise qualify for such coverage or benefits. In the case of Hourly Newsprint Employees and Hourly Apache Employees, such coverage or benefits shall provide substantially comparable coverage and benefits in the aggregate as Seller\u2019s health, life insurance, welfare and fringe benefit plans provide (for the purposes of this Section 6.8, \u201cSeller\u2019s Health, Welfare and Fringe Benefit Plans\u201d) and otherwise comply with the relevant Collective Bargaining Agreements and in part shall provide for Purchaser\u2019s assumption and continuation of Seller\u2019s Health, Welfare and Fringe Benefit Plans covering Hourly Newsprint Employees and Hourly Apache Employees. In the case of Salaried Employees, Purchaser shall offer substantially comparable coverage and benefits in the aggregate as provided under Seller\u2019s Health, Welfare and Fringe Benefit Plans, except for including retiree health and retiree life insurance. Purchaser may assume and continue any or all of Seller\u2019s Health, Welfare and Fringe Benefit Plans, except for Seller\u2019s health and dental benefits for Salaried Employees, coverage under which shall be provided to Retained Employees and Hired Employees in accordance with the terms of the Transitional Services Agreement. A Newsprint Employee\u2019s or Apache Employee\u2019s last continuous period of service with Seller or Apache shall be counted as if it had been service for Purchaser in determining eligibility for the coverage and benefits set forth in this Section 6.8. Attached as Schedule 6.8 is a list of the last continuous period of service of Newsprint Employees and Apache Employees as of the date set forth on Schedule 6.8. If Purchaser assumes and continues one or more of Seller\u2019s Health, Welfare and Fringe Benefit Plans, the parties shall enter into the Welfare Benefit Plans Assignment and Assumption Agreement in this regard.", "snippet_links": [{"key": "as-of-the-closing-date", "type": "clause", "offset": [10, 32]}, {"key": "group-health", "type": "clause", "offset": [58, 70]}, {"key": "long-term-disability", "type": "clause", "offset": [88, 108]}, {"key": "coverage-and-benefits", "type": "clause", "offset": [151, 172]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [174, 193]}, {"key": "section-68", "type": "clause", "offset": [199, 210]}, {"key": "welfare-and-fringe-benefit-plans", "type": "clause", "offset": [233, 265]}, {"key": "employees-who", "type": "clause", "offset": [303, 316]}, {"key": "in-the-case", "type": "clause", "offset": [446, 457]}, {"key": "comparable-coverage", "type": "clause", "offset": [571, 590]}, {"key": "in-the-aggregate", "type": "definition", "offset": [604, 620]}, {"key": "as-seller", "type": "clause", "offset": [621, 630]}, {"key": "the-relevant", "type": "clause", "offset": [816, 828]}, {"key": "collective-bargaining-agreements", "type": "clause", "offset": [829, 861]}, {"key": "for-purchaser", "type": "definition", "offset": [888, 901]}, {"key": "continuation-of", "type": "clause", "offset": [919, 934]}, {"key": "plans-covering", "type": "clause", "offset": [979, 993]}, {"key": "salaried-employees", "type": "clause", "offset": [1065, 1083]}, {"key": "retiree-health", "type": "clause", "offset": [1261, 1275]}, {"key": "retiree-life-insurance", "type": "clause", "offset": [1280, 1302]}, {"key": "all-of-seller", "type": "definition", "offset": [1345, 1358]}, {"key": "for-seller", "type": "definition", "offset": [1410, 1420]}, {"key": "benefits-for", "type": "clause", "offset": [1441, 1453]}, {"key": "coverage-under", "type": "clause", "offset": [1474, 1488]}, {"key": "retained-employees", "type": "clause", "offset": [1516, 1534]}, {"key": "in-accordance-with", "type": "definition", "offset": [1555, 1573]}, {"key": "terms-of-the", "type": "clause", "offset": [1578, 1590]}, {"key": "transitional-services-agreement", "type": "definition", "offset": [1591, 1622]}, {"key": "continuous-period-of-service", "type": "definition", "offset": [1673, 1701]}, {"key": "eligibility-for", "type": "clause", "offset": [1796, 1811]}, {"key": "a-list", "type": "definition", "offset": [1897, 1903]}, {"key": "service-of", "type": "clause", "offset": [1937, 1947]}, {"key": "on-schedule", "type": "definition", "offset": [2014, 2025]}, {"key": "the-parties-shall", "type": "clause", "offset": [2132, 2149]}, {"key": "welfare-benefit-plans", "type": "definition", "offset": [2165, 2186]}, {"key": "assignment-and-assumption-agreement", "type": "definition", "offset": [2187, 2222]}], "hash": "3f26ed8a1b98cc2b519ee08d81674f86", "id": 1}, {"samples": [{"hash": "fS31eW0KK5M", "uri": "/contracts/fS31eW0KK5M#welfare-plans", "label": "Purchase Agreement (Dresser Inc)", "score": 21.0, "published": true}, {"hash": "b2U7QS1gEUd", "uri": "/contracts/b2U7QS1gEUd#welfare-plans", "label": "Purchase Agreement (Cooper Cameron Corp)", "score": 21.0, "published": true}], "size": 21, "snippet": "(a) Effective as of the Closing Date or such later date as the Business Employee returns to work as referenced in Section 5.11, (i) Sellers shall cause each Business Employee who transfers employment to Purchaser or its Affiliates as of the Closing Date (\u201cTransferring Employee\u201d) to cease to participate in each welfare benefit plan sponsored by Sellers or their Affiliates, and (ii) Purchaser shall cause each Transferring Employee to be covered by the welfare benefit plans provided by Purchaser or their Affiliates for similarly situated employees. Sellers or their Affiliates shall be liable for claims for benefits (other than for short-term disability, workers\u2019 compensation and medical and dental benefits) by Transferring Employees under such welfare benefit plans arising out of occurrences on or prior to the Closing Date. Sellers or their Affiliates shall be liable for claims for short-term disability benefits and workers\u2019 compensation benefits by Transferring Employees under such welfare benefit plans with respect to payments otherwise due on or prior to the Closing Date. Sellers or their Affiliates shall be liable for claims for medical and dental benefits by Transferring Employees under such welfare benefit plans with respect to services and treatment rendered on or prior to the Closing Date. Purchaser or their Affiliates shall cause each of the Transferring Employees to be granted credit under its health benefit plans, for the year during which the Closing Date occurs, with any deductibles, co-insurance payments or out-of-pocket expenses already incurred by such Transferring Employees for such year under the plans of Sellers or their Affiliates, and Purchaser or their Affiliates shall cause there to be waived any preexisting condition restrictions under its medical and dental benefits plans to the extent necessary to provide immediate coverage under such plans. Purchaser or their Affiliates shall provide the Transferring Employees (and their respective beneficiaries) with medical benefits sufficient to satisfy the obligations of Sellers or their Affiliates under Section 4980B of the Code respecting Transferring Employees. Unless otherwise specifically agreed to by Purchasers, Sellers or their Affiliates shall be liable for all welfare benefits for Business Employees that are not Transferring Employees.\n(b) Sellers shall retain liability for all retiree medical and life benefit liabilities with respect to the Transferred Employees and their eligible dependents to the extent provided under the Dresser, Inc. Welfare Benefits Plan, 750 (the \u201cDresser Plan\u201d) and shall provide such benefits to Transferred Employees eligible for such benefits under the terms of the Dresser Plan upon their retirement from Purchaser and their Affiliates (or any successor thereto).", "snippet_links": [{"key": "as-of-the-closing-date", "type": "clause", "offset": [14, 36]}, {"key": "the-business", "type": "clause", "offset": [59, 71]}, {"key": "returns-to-work", "type": "definition", "offset": [81, 96]}, {"key": "to-purchaser", "type": "clause", "offset": [200, 212]}, {"key": "participate-in", "type": "definition", "offset": [292, 306]}, {"key": "by-sellers", "type": "clause", "offset": [343, 353]}, {"key": "covered-by", "type": "definition", "offset": [439, 449]}, {"key": "welfare-benefit-plans", "type": "definition", "offset": [454, 475]}, {"key": "similarly-situated", "type": "definition", "offset": [522, 540]}, {"key": "claims-for-benefits", "type": "clause", "offset": [600, 619]}, {"key": "compensation-and", "type": "clause", "offset": [668, 684]}, {"key": "medical-and-dental-benefits", "type": "clause", "offset": [685, 712]}, {"key": "transferring-employees", "type": "clause", "offset": [717, 739]}, {"key": "arising-out-of", "type": "definition", "offset": [773, 787]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [806, 831]}, {"key": "term-disability-benefits", "type": "clause", "offset": [898, 922]}, {"key": "compensation-benefits", "type": "clause", "offset": [936, 957]}, {"key": "with-respect-to", "type": "clause", "offset": [1017, 1032]}, {"key": "services-and", "type": "clause", "offset": [1251, 1263]}, {"key": "health-benefit-plans", "type": "clause", "offset": [1424, 1444]}, {"key": "the-year", "type": "definition", "offset": [1450, 1458]}, {"key": "insurance-payments", "type": "definition", "offset": [1522, 1540]}, {"key": "pocket-expenses", "type": "clause", "offset": [1551, 1566]}, {"key": "the-plans", "type": "clause", "offset": [1635, 1644]}, {"key": "preexisting-condition", "type": "definition", "offset": [1746, 1767]}, {"key": "dental-benefits-plans", "type": "clause", "offset": [1803, 1824]}, {"key": "to-the-extent", "type": "clause", "offset": [1825, 1838]}, {"key": "to-provide", "type": "clause", "offset": [1849, 1859]}, {"key": "coverage-under", "type": "clause", "offset": [1870, 1884]}, {"key": "provide-the", "type": "clause", "offset": [1933, 1944]}, {"key": "medical-benefits", "type": "definition", "offset": [2010, 2026]}, {"key": "obligations-of-sellers", "type": "clause", "offset": [2053, 2075]}, {"key": "the-code", "type": "clause", "offset": [2119, 2127]}, {"key": "by-purchasers", "type": "clause", "offset": [2203, 2216]}, {"key": "benefits-for", "type": "clause", "offset": [2278, 2290]}, {"key": "business-employees", "type": "definition", "offset": [2291, 2309]}, {"key": "liability-for", "type": "clause", "offset": [2372, 2385]}, {"key": "retiree-medical", "type": "definition", "offset": [2390, 2405]}, {"key": "benefit-liabilities", "type": "clause", "offset": [2415, 2434]}, {"key": "transferred-employees", "type": "clause", "offset": [2455, 2476]}, {"key": "eligible-dependents", "type": "clause", "offset": [2487, 2506]}, {"key": "employees-eligible", "type": "clause", "offset": [2649, 2667]}, {"key": "terms-of-the", "type": "clause", "offset": [2696, 2708]}], "hash": "8bec174367b247eec346fcce434f59b1", "id": 4}, {"samples": [{"hash": "lDeI9FhFXGS", "uri": "/contracts/lDeI9FhFXGS#welfare-plans", "label": "Agreement and Plan of Merger (Apartment Investment & Management Co)", "score": 18.0, "published": true}, {"hash": "3JtourCiHJN", "uri": "/contracts/3JtourCiHJN#welfare-plans", "label": "Agreement and Plan of Merger (Insignia Financial Group Inc)", "score": 18.0, "published": true}], "size": 25, "snippet": "Except as otherwise provided herein, immediately prior to, and subject to, the Spin Off, IFG shall cause all IFG Benefit Plans that are employee welfare benefit plans, as defined in Section 3(1) of ERISA (the \"Existing Welfare Plans\"), to be divided into separate, identical component plans covering, respectively, (i) the Retained Employees (and their beneficiaries) (the \"IFG Welfare Plans\") and (ii) all other Existing Welfare Plan participants, including without limitation, participants (and their beneficiaries) who experienced a \"qualifying event\" for purposes of the group health plan continuation coverage requirements of Section 4980 of the Code and Title I, Subtitle B of ERISA prior to the Closing Date regardless of when an election for continuation coverage is made by the participant (the \"SpinCo Welfare Plans\"). Notwithstanding the foregoing, IFG shall cause the IFG Long Term Disability Plan (the \"Existing LTD Plan\") to be divided into two separate, identical component plans covering, respectively, (i) employees who work for IFG after the Spin Off and employees who were working in the United States' based multifamily apartment business of IFG and the Subsidiaries not set forth on Section 4.2(b) of the IFG Disclosure Letter at the time they became eligible for benefits under the Existing LTD Plan (the \"IFG LTD Plan\") and (ii) all other participants in the Existing LTD Plan (the \"SpinCo LTD Plan\"). Without limiting the generality of the foregoing, immediately prior to, and subject to, the Spin Off, IFG shall cause a \"spin off\" of the assets and liabilities of each of the IFG Voluntary Employees' Beneficiary Association and the Existing Flexible Spending Plan (which contains premium, dependent care and medical health reimbursement component parts) (respectively, the \"VEBA\" and the \"Flex Plan\") resulting in the division of each of the VEBA and the Flex Plan into separate, identical, component plans and trusts, in accordance with applicable law, covering, respectively, (i) the Retained Employees (and their beneficiaries) (respectively, the \"IFG VEBA\" and \"IFG Flex Plan\") and (ii) all other participants (and their beneficiaries) in the VEBA and the Flex Plan (respectively, the \"SpinCo VEBA\" and the \"SpinCo Flex Plan\"). Immediately prior to and subject to, the Spin Off, IFG shall cause the SpinCo Welfare Plans, SpinCo LTD Plan, SpinCo VEBA and SpinCo Flex Plan to be transferred to SpinCo but shall retain the IFG Welfare Plans, IFG LTD Plan, IFG VEBA and IFG Flex Plan. Prior to the Spin Off, IFG shall draft the appropriate documents and use its reasonable best efforts to take all actions necessary, to the extent possible, to effectuate the intent of this Section 7.12(g).", "snippet_links": [{"key": "except-as-otherwise-provided", "type": "clause", "offset": [0, 28]}, {"key": "subject-to", "type": "definition", "offset": [63, 73]}, {"key": "the-spin", "type": "clause", "offset": [75, 83]}, {"key": "employee-welfare-benefit-plans", "type": "definition", "offset": [136, 166]}, {"key": "defined-in-section", "type": "clause", "offset": [171, 189]}, {"key": "plans-covering", "type": "clause", "offset": [285, 299]}, {"key": "retained-employees", "type": "clause", "offset": [323, 341]}, {"key": "plan-participants", "type": "clause", "offset": [430, 447]}, {"key": "including-without-limitation", "type": "clause", "offset": [449, 477]}, {"key": "qualifying-event", "type": "definition", "offset": [537, 553]}, {"key": "coverage-requirements", "type": "clause", "offset": [606, 627]}, {"key": "the-code", "type": "clause", "offset": [647, 655]}, {"key": "title-i", "type": "definition", "offset": [660, 667]}, {"key": "b-of", "type": "definition", "offset": [678, 682]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [689, 714]}, {"key": "an-election", "type": "clause", "offset": [734, 745]}, {"key": "the-participant", "type": "clause", "offset": [783, 798]}, {"key": "spinco-welfare-plans", "type": "definition", "offset": [805, 825]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [829, 858]}, {"key": "long-term-disability-plan", "type": "definition", "offset": [884, 909]}, {"key": "ltd-plan", "type": "clause", "offset": [925, 933]}, {"key": "employees-who", "type": "clause", "offset": [1023, 1036]}, {"key": "work-for", "type": "definition", "offset": [1037, 1045]}, {"key": "in-the-united-states", "type": "clause", "offset": [1100, 1120]}, {"key": "the-subsidiaries", "type": "clause", "offset": [1170, 1186]}, {"key": "disclosure-letter", "type": "definition", "offset": [1230, 1247]}, {"key": "at-the-time", "type": "definition", "offset": [1248, 1259]}, {"key": "eligible-for-benefits", "type": "clause", "offset": [1272, 1293]}, {"key": "all-other-participants", "type": "clause", "offset": [1352, 1374]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [1425, 1473]}, {"key": "assets-and-liabilities", "type": "clause", "offset": [1563, 1585]}, {"key": "voluntary-employees", "type": "definition", "offset": [1605, 1624]}, {"key": "flexible-spending-plan", "type": "clause", "offset": [1667, 1689]}, {"key": "dependent-care", "type": "definition", "offset": [1715, 1729]}, {"key": "component-parts", "type": "clause", "offset": [1763, 1778]}, {"key": "the-division", "type": "clause", "offset": [1840, 1852]}, {"key": "plans-and", "type": "clause", "offset": [1927, 1936]}, {"key": "in-accordance-with", "type": "definition", "offset": [1945, 1963]}, {"key": "applicable-law", "type": "definition", "offset": [1964, 1978]}, {"key": "spinco-flex-plan", "type": "definition", "offset": [2238, 2254]}, {"key": "reasonable-best-efforts", "type": "definition", "offset": [2588, 2611]}, {"key": "actions-necessary", "type": "clause", "offset": [2624, 2641]}, {"key": "to-the-extent", "type": "clause", "offset": [2643, 2656]}], "hash": "34974cefee63a89e91c3ad94944ad0d3", "id": 2}, {"samples": [{"hash": "PQeIzw3zvp", "uri": "/contracts/PQeIzw3zvp#welfare-plans", "label": "Change in Control Agreement (Vital Images Inc)", "score": 21.0, "published": true}, {"hash": "p68clghMGl", "uri": "/contracts/p68clghMGl#welfare-plans", "label": "Change in Control Agreement (Vital Images Inc)", "score": 20.3552360535, "published": true}, {"hash": "fOq4HIoCYUb", "uri": "/contracts/fOq4HIoCYUb#welfare-plans", "label": "Change in Control Agreement (Vital Images Inc)", "score": 19.0, "published": true}], "size": 16, "snippet": "The Company will maintain in full force and effect, for the continued benefit of you and your dependents for a period terminating 24 months after the Date of Termination, all insured and self-insured employee welfare benefit Plans (including, without limitation, medical, life, dental, vision and disability plans) in which you were eligible to participate at any time during the 90-day period immediately preceding the Change in Control, provided that your continued participation is possible under the general terms and provisions of such Plans and any applicable funding media and without regard to any discretionary amendments to such Plans by the Company following the Change in Control (or prior to the Change in Control if amended as a condition or at the request or insistence of a Person (other than the Company) related to the Change in Control) and provided that you continue to pay an amount equal to your regular contribution under such Plans for such participation (based upon your level of benefits and employment status most favorable to you at any time during the 90-day period immediately preceding the Change in Control). The continuation period under federal and state continuation laws, to the extent applicable, will begin to run from the date on which coverage pursuant to this clause (b) ends. If, at the end of the 24-month period, you have not previously received or are not then receiving equivalent benefits from a new employer (including coverage for any pre-existing conditions), the Company, pursuant to federal and state law, will provide, for a period of eighteen (18) months (the \u201cCOBRA Period\u201d), a continuation of your and your dependents\u2019 coverage under such Plans (the \u201cCOBRA Coverage\u201d), provided that you will be required to pay for such benefits during the COBRA Period, should you elect to receive COBRA Coverage. .", "snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [0, 16]}, {"key": "full-force-and-effect", "type": "definition", "offset": [29, 50]}, {"key": "date-of-termination", "type": "definition", "offset": [150, 169]}, {"key": "employee-welfare-benefit-plans", "type": "definition", "offset": [200, 230]}, {"key": "without-limitation", "type": "clause", "offset": [243, 261]}, {"key": "disability-plans", "type": "definition", "offset": [297, 313]}, {"key": "at-any-time", "type": "clause", "offset": [357, 368]}, {"key": "day-period", "type": "clause", "offset": [383, 393]}, {"key": "change-in-control", "type": "definition", "offset": [420, 437]}, {"key": "continued-participation", "type": "clause", "offset": [458, 481]}, {"key": "provisions-of", "type": "clause", "offset": [522, 535]}, {"key": "plans-and", "type": "clause", "offset": [541, 550]}, {"key": "amendments-to", "type": "clause", "offset": [620, 633]}, {"key": "by-the-company", "type": "clause", "offset": [645, 659]}, {"key": "following-the", "type": "definition", "offset": [660, 673]}, {"key": "prior-to-the", "type": "clause", "offset": [696, 708]}, {"key": "the-request", "type": "clause", "offset": [759, 770]}, {"key": "a-person", "type": "definition", "offset": [788, 796]}, {"key": "related-to", "type": "clause", "offset": [822, 832]}, {"key": "and-provided-that", "type": "clause", "offset": [856, 873]}, {"key": "to-pay", "type": "clause", "offset": [887, 893]}, {"key": "equal-to", "type": "definition", "offset": [904, 912]}, {"key": "regular-contribution", "type": "definition", "offset": [918, 938]}, {"key": "plans-for", "type": "clause", "offset": [950, 959]}, {"key": "employment-status", "type": "clause", "offset": [1018, 1035]}, {"key": "most-favorable", "type": "definition", "offset": [1036, 1050]}, {"key": "continuation-period", "type": "definition", "offset": [1145, 1164]}, {"key": "to-the-extent", "type": "clause", "offset": [1208, 1221]}, {"key": "this-clause", "type": "clause", "offset": [1296, 1307]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [1322, 1339]}, {"key": "new-employer", "type": "definition", "offset": [1443, 1455]}, {"key": "coverage-for", "type": "clause", "offset": [1467, 1479]}, {"key": "existing-conditions", "type": "definition", "offset": [1488, 1507]}, {"key": "federal-and-state-law", "type": "clause", "offset": [1535, 1556]}, {"key": "will-provide", "type": "clause", "offset": [1558, 1570]}, {"key": "period-of", "type": "clause", "offset": [1578, 1587]}, {"key": "cobra-period", "type": "definition", "offset": [1615, 1627]}, {"key": "continuation-of", "type": "clause", "offset": [1633, 1648]}, {"key": "coverage-under", "type": "clause", "offset": [1675, 1689]}, {"key": "cobra-coverage", "type": "definition", "offset": [1707, 1721]}, {"key": "pay-for", "type": "definition", "offset": [1763, 1770]}, {"key": "benefits-during", "type": "clause", "offset": [1776, 1791]}, {"key": "to-receive", "type": "definition", "offset": [1827, 1837]}], "hash": "2537d30d31277c29f02e34d9f34f01f4", "id": 6}, {"samples": [{"hash": "i8YTBSo5zWa", "uri": "/contracts/i8YTBSo5zWa#welfare-plans", "label": "Purchase and Sale Agreement (Medicines Co /De)", "score": 28.9233398438, "published": true}, {"hash": "jWDM6ImZXPF", "uri": "/contracts/jWDM6ImZXPF#welfare-plans", "label": "Purchase and Sale Agreement (Melinta Therapeutics, Inc. /New/)", "score": 28.9151268005, "published": true}], "size": 19, "snippet": "Effective as of the Closing or the Transfer Date, as applicable, and thereafter, Buyer shall, or shall cause a Controlled Affiliate to, use commercially reasonable efforts to (a) ensure that no eligibility waiting periods, actively-at-work requirements or pre-existing condition limitations or exclusions shall apply with respect to the Continuing Employees under the applicable health and welfare benefits plan of Buyer or any of its Controlled Affiliates (except to the extent such terms are applicable under the Seller Benefit Plans that such Continuing Employees participated in immediately prior to the Closing), (b) waive any and all evidence of insurability requirements with respect to the Continuing Employees to the extent such evidence of insurability requirements were not applicable to the Continuing Employees under the Seller Benefit Plans that such Continuing Employees participated in immediately prior to the Closing, and (c) credit each Continuing Employee with all deductible payments, out-of-pocket or other co-payments paid by such Continuing Employee under the Seller Benefit Plans that each such Continuing Employee participated in prior to the Closing during the year in which the Closing occurs for the purpose of determining the extent to which any such employee has satisfied his or her deductible and whether he or she has reached the out-of-pocket maximum under any health benefit plan of Buyer or any of its Controlled Affiliates for such year. As soon as practicable, but in no event later than ten (10) Business Days following, the Closing Date, Seller or Seller\u2019s applicable insurance carrier shall provide Buyer or Buyer\u2019s group health plan (in a format useable by Buyer\u2019s insurance carrier) with a report or other documentation setting forth as of the Closing Date all deductible payments, out-of-pocket or other copayments toward out-of-pocket maximums paid by Continuing Employees for the plan year in which the Closing occurs under the Benefit Plans that are employee welfare benefit plans.", "snippet_links": [{"key": "effective-as-of-the-closing", "type": "clause", "offset": [0, 27]}, {"key": "transfer-date", "type": "definition", "offset": [35, 48]}, {"key": "buyer-shall", "type": "clause", "offset": [81, 92]}, {"key": "use-commercially-reasonable-efforts", "type": "clause", "offset": [136, 171]}, {"key": "waiting-periods", "type": "definition", "offset": [206, 221]}, {"key": "work-requirements", "type": "definition", "offset": [235, 252]}, {"key": "existing-condition", "type": "clause", "offset": [260, 278]}, {"key": "with-respect-to", "type": "clause", "offset": [317, 332]}, {"key": "continuing-employees", "type": "clause", "offset": [337, 357]}, {"key": "the-applicable", "type": "clause", "offset": [364, 378]}, {"key": "of-buyer", "type": "clause", "offset": [412, 420]}, {"key": "controlled-affiliates", "type": "clause", "offset": [435, 456]}, {"key": "except-to-the-extent", "type": "clause", "offset": [458, 478]}, {"key": "seller-benefit-plans", "type": "definition", "offset": [515, 535]}, {"key": "prior-to-the-closing", "type": "clause", "offset": [595, 615]}, {"key": "insurability-requirements", "type": "clause", "offset": [652, 677]}, {"key": "applicable-to", "type": "clause", "offset": [785, 798]}, {"key": "deductible-payments", "type": "clause", "offset": [985, 1004]}, {"key": "during-the-year", "type": "definition", "offset": [1177, 1192]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [1221, 1239]}, {"key": "employee-has", "type": "clause", "offset": [1281, 1293]}, {"key": "health-benefit-plan", "type": "clause", "offset": [1396, 1415]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [1476, 1498]}, {"key": "in-no-event", "type": "clause", "offset": [1504, 1515]}, {"key": "business-days", "type": "definition", "offset": [1536, 1549]}, {"key": "insurance-carrier", "type": "clause", "offset": [1609, 1626]}, {"key": "group-health-plan", "type": "clause", "offset": [1658, 1675]}, {"key": "by-buyer", "type": "clause", "offset": [1697, 1705]}, {"key": "other-documentation", "type": "clause", "offset": [1744, 1763]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [1778, 1800]}, {"key": "the-plan-year", "type": "clause", "offset": [1923, 1936]}, {"key": "the-benefit", "type": "definition", "offset": [1971, 1982]}, {"key": "employee-welfare-benefit-plans", "type": "definition", "offset": [1998, 2028]}], "hash": "911316cc21867e5b6f6e975a21af6d1a", "id": 5}, {"samples": [{"hash": "kb0nU9njLBc", "uri": "/contracts/kb0nU9njLBc#welfare-plans", "label": "Asset Purchase Agreement (Sinclair Broadcast Group Inc)", "score": 18.0, "published": true}, {"hash": "iNdkH9FPMRB", "uri": "/contracts/iNdkH9FPMRB#welfare-plans", "label": "Asset Purchase Agreement (Sinclair Broadcast Group Inc)", "score": 18.0, "published": true}, {"hash": "hYkFp4DzNCt", "uri": "/contracts/hYkFp4DzNCt#welfare-plans", "label": "Asset Purchase Agreement (Entercom Communications Corp)", "score": 18.0, "published": true}], "size": 15, "snippet": "Each Welfare Plan complies currently and has been maintained in substantial compliance with its terms and, both as to form and in operation, with all material requirements prescribed by any and all material statutes, orders, rules and regulations that are applicable to such plans, including ERISA and the Code, except where the failure to do so will not have a Material Adverse Effect. Sellers do not sponsor, maintain, or contribute to any Welfare Plan that provides health or death benefits to former employees of the Stations other than as required by Section 4980B of the Code or other applicable laws.", "snippet_links": [{"key": "welfare-plan", "type": "definition", "offset": [5, 17]}, {"key": "compliance-with", "type": "definition", "offset": [76, 91]}, {"key": "terms-and", "type": "clause", "offset": [96, 105]}, {"key": "in-operation", "type": "definition", "offset": [127, 139]}, {"key": "material-requirements", "type": "clause", "offset": [150, 171]}, {"key": "rules-and-regulations", "type": "clause", "offset": [225, 246]}, {"key": "applicable-to", "type": "clause", "offset": [256, 269]}, {"key": "the-code", "type": "clause", "offset": [302, 310]}, {"key": "failure-to", "type": "clause", "offset": [329, 339]}, {"key": "material-adverse-effect", "type": "definition", "offset": [362, 385]}, {"key": "death-benefits", "type": "definition", "offset": [479, 493]}, {"key": "the-stations", "type": "clause", "offset": [517, 529]}, {"key": "as-required-by", "type": "clause", "offset": [541, 555]}, {"key": "other-applicable-laws", "type": "clause", "offset": [585, 606]}], "hash": "9852f1f31627f9bdb64d8b1650ebd512", "id": 7}, {"samples": [{"hash": "oqTSwKWB1D", "uri": "/contracts/oqTSwKWB1D#welfare-plans", "label": "Employment Agreement (Medquist Inc)", "score": 16.0, "published": true}, {"hash": "i6FtIlGAd9X", "uri": "/contracts/i6FtIlGAd9X#welfare-plans", "label": "Employment Agreement (Medquist Inc)", "score": 16.0, "published": true}, {"hash": "eYRpUJY6qvR", "uri": "/contracts/eYRpUJY6qvR#welfare-plans", "label": "Employment Agreement (Koninklijke Philips Electronics Nv)", "score": 16.0, "published": true}], "size": 14, "snippet": "Participation in any welfare benefit plans and ------------- programs of the Company as in effect from time to time;", "snippet_links": [{"key": "plans-and", "type": "clause", "offset": [37, 46]}, {"key": "of-the-company", "type": "clause", "offset": [70, 84]}, {"key": "in-effect", "type": "clause", "offset": [88, 97]}, {"key": "from-time-to-time", "type": "clause", "offset": [98, 115]}], "hash": "57e040b404e2b4d29f5fa96f2ab9f624", "id": 8}, {"samples": [{"hash": "f8kswwzdczi", "uri": "/contracts/f8kswwzdczi#welfare-plans", "label": "Securities Purchase Agreement (Agribiotech Inc)", "score": 18.0, "published": true}, {"hash": "divLGtPfIxt", "uri": "/contracts/divLGtPfIxt#welfare-plans", "label": "Stock Purchase Agreement (Agribiotech Inc)", "score": 16.0, "published": true}], "size": 14, "snippet": "For each plan, fund, or arrangement of the ------------- Acquired Company that is an employee welfare benefit plan, whether or not currently maintained (within the meaning of ERISA Section 3(1)) (a \"Welfare Plan\"), the following is true:\n(A) each such Welfare Plan intended to meet the requirements for tax-favored treatment under Subchapter B of Chapter 1 of the Code meets such requirements;\n(B) there is no voluntary employees' beneficiary association (within the meaning of Section 501(c)(9) of the Code) maintained with respect to any such Welfare Plan;\n(C) there is no disqualified benefit (as such term is defined in Code Section 4976(b)) which would subject the Acquired Company or the Buyer to a tax under Code Section 4976(a);\n(D) each such Welfare Plan which is a group health plan complies and has complied with the applicable requirements of Code Section 4980B, and would comply with Sections 9801 through 9806 if such provisions were now in effect, Title XXII of the Public Health Service Act, and the applicable provisions of the Social Security Act, and is not and has not been a nonconforming group health plan under Section 5000(c) of the Code;\n(E) each such Welfare Plan may be amended or terminated by the Acquired Company or the Buyer, on or at anytime after the Closing Date and after any advance notice to participants or similar measures required by law which are non-waivable under the Welfare Plan;\n(F) no such Welfare Plan provides for continuing benefits or coverage for any participant (including past, present or future retirees) or such participant's beneficiary after termination of employment except as required by the Consolidated Omnibus Reconciliation Act of 1985 (\"COBRA\") or any other state or Federal law; and\n(G) no claims have been made and no other events have occurred that might form the basis of a claim which has substantially increased or, based on customary insurance industry practice, might substantially increase the premiums or other charges of the Acquired Company under any Welfare Plan.", "snippet_links": [{"key": "acquired-company", "type": "clause", "offset": [57, 73]}, {"key": "employee-welfare-benefit-plan", "type": "clause", "offset": [85, 114]}, {"key": "meaning-of", "type": "clause", "offset": [164, 174]}, {"key": "welfare-plan", "type": "definition", "offset": [199, 211]}, {"key": "requirements-for", "type": "clause", "offset": [286, 302]}, {"key": "b-of", "type": "definition", "offset": [342, 346]}, {"key": "chapter-1", "type": "clause", "offset": [347, 356]}, {"key": "the-code", "type": "clause", "offset": [360, 368]}, {"key": "voluntary-employees", "type": "definition", "offset": [410, 429]}, {"key": "with-respect-to", "type": "clause", "offset": [520, 535]}, {"key": "code-section", "type": "definition", "offset": [624, 636]}, {"key": "the-buyer", "type": "clause", "offset": [690, 699]}, {"key": "group-health-plan", "type": "clause", "offset": [775, 792]}, {"key": "applicable-requirements", "type": "definition", "offset": [828, 851]}, {"key": "comply-with", "type": "definition", "offset": [885, 896]}, {"key": "in-effect", "type": "clause", "offset": [952, 961]}, {"key": "public-health-service-act", "type": "clause", "offset": [981, 1006]}, {"key": "provisions-of-the", "type": "clause", "offset": [1027, 1044]}, {"key": "social-security-act", "type": "definition", "offset": [1045, 1064]}, {"key": "after-the-closing-date", "type": "clause", "offset": [1274, 1296]}, {"key": "notice-to-participants", "type": "definition", "offset": [1319, 1341]}, {"key": "required-by-law", "type": "definition", "offset": [1362, 1377]}, {"key": "continuing-benefits", "type": "definition", "offset": [1463, 1482]}, {"key": "coverage-for", "type": "clause", "offset": [1486, 1498]}, {"key": "future-retirees", "type": "clause", "offset": [1543, 1558]}, {"key": "after-termination-of-employment", "type": "clause", "offset": [1594, 1625]}, {"key": "as-required-by", "type": "clause", "offset": [1633, 1647]}, {"key": "act-of-1985", "type": "definition", "offset": [1688, 1699]}, {"key": "state-or-federal-law", "type": "definition", "offset": [1723, 1743]}, {"key": "no-claims", "type": "clause", "offset": [1753, 1762]}, {"key": "no-other-events", "type": "clause", "offset": [1782, 1797]}, {"key": "basis-of", "type": "clause", "offset": [1832, 1840]}, {"key": "based-on", "type": "definition", "offset": [1887, 1895]}, {"key": "industry-practice", "type": "definition", "offset": [1916, 1933]}, {"key": "substantially-increase", "type": "definition", "offset": [1941, 1963]}, {"key": "other-charges", "type": "definition", "offset": [1980, 1993]}], "hash": "ac8ae96f1ffe17267d5bd02ecb2d7411", "id": 9}, {"samples": [{"hash": "iQXNQTgGSEA", "uri": "/contracts/iQXNQTgGSEA#welfare-plans", "label": "Revolving Credit Agreement (SeaCube Container Leasing Ltd.)", "score": 23.4887065887, "published": true}, {"hash": "ikB9bmkzWpq", "uri": "/contracts/ikB9bmkzWpq#welfare-plans", "label": "Revolving Credit Agreement (SeaCube Container Leasing Ltd.)", "score": 21.8542098999, "published": true}, {"hash": "aO4tCzj4qLk", "uri": "/contracts/aO4tCzj4qLk#welfare-plans", "label": "Credit Agreement (Seacastle Inc.)", "score": 21.0, "published": true}], "size": 12, "snippet": "Except as disclosed on Schedule 7.12, no Employee Benefit Plan, which is an employee welfare benefit plan within the meaning of \u00a73(1) or \u00a73(2)(B) of ERISA, provides benefit coverage subsequent to termination of employment, except as required by Title I, Part 6 of ERISA or the applicable state insurance laws.", "snippet_links": [{"key": "on-schedule", "type": "definition", "offset": [20, 31]}, {"key": "no-employee-benefit-plan", "type": "clause", "offset": [38, 62]}, {"key": "employee-welfare-benefit-plan", "type": "clause", "offset": [76, 105]}, {"key": "meaning-of", "type": "clause", "offset": [117, 127]}, {"key": "benefit-coverage", "type": "definition", "offset": [165, 181]}, {"key": "termination-of-employment", "type": "definition", "offset": [196, 221]}, {"key": "as-required-by", "type": "clause", "offset": [230, 244]}, {"key": "title-i", "type": "definition", "offset": [245, 252]}, {"key": "part-6", "type": "definition", "offset": [254, 260]}, {"key": "insurance-laws", "type": "clause", "offset": [294, 308]}], "hash": "790b2f4ac9de56e5a078b0fe67e924bd", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZ3ZWxmYXJlLXBsYW5zIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Welfare Plans", "size": 1236, "parents": [["employee-benefit-plans", "Employee Benefit Plans"], ["employee-matters", "Employee Matters"], ["representations-and-warranties-of-the-company", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY"], ["employee-benefits", "Employee Benefits"], ["welfare-benefit-plans", "Welfare Benefit Plans"]], "children": [["flexible-spending-accounts", "Flexible Spending Accounts"], ["waiver-of-conditions-benefit-maximums", "Waiver of Conditions; Benefit Maximums"], ["cobra", "COBRA"], ["claims-incurred", "Claims Incurred"], ["allocation-of-welfare-plan-assets-and-liabilities", "Allocation of Welfare Plan Assets and Liabilities"]], "id": "welfare-plans", "related": [["welfare-plan", "WELFARE PLAN", "WELFARE PLAN"], ["health-and-welfare-plans", "Health and Welfare Plans", "Health and <strong>Welfare Plans</strong>"], ["pension-and-welfare-plans", "Pension and Welfare Plans", "Pension and <strong>Welfare Plans</strong>"], ["welfare-benefit-plans", "Welfare Benefit Plans", "Welfare Benefit Plans"], ["health-and-welfare-benefit-plans", "Health and Welfare Benefit Plans", "Health and Welfare Benefit Plans"]], "related_snippets": [], "updated": "2026-03-11T06:07:41+00:00", "also_ask": ["What are the essential elements to include in a welfare plan clause to ensure compliance with ERISA and other laws?", "How can the clause be structured to maximize employer flexibility while minimizing employee litigation risk?", "What are the most common pitfalls or ambiguities in welfare plan clauses that courts have found unenforceable?", "How do welfare plan obligations in this agreement compare to industry standards or statutory minimums?", "What negotiation levers exist for limiting ongoing employer liability under welfare plan provisions?"], "drafting_tip": "Specify covered welfare plans to prevent misinterpretation, define eligibility criteria to ensure clarity, and outline employer obligations to avoid disputes.", "explanation": "The Welfare Plans clause defines the employer's obligations regarding employee benefit programs such as health insurance, disability coverage, and other welfare-related benefits. It typically outlines which plans are provided, who is eligible to participate, and the extent of the employer's contributions or responsibilities. This clause ensures that employees are informed about their benefits and that the employer's commitments are clearly documented, thereby reducing misunderstandings and potential disputes over welfare plan entitlements."}, "json": true, "cursor": ""}}