Abbott Retiree Life Plan definition
Examples of Abbott Retiree Life Plan in a sentence
Abbott shall not be responsible or otherwise liable for the provision of post-retirement healthcare and life insurance coverage to any U.S. Transferred Employees other than as expressly provided in this Section 6.2. Only service and compensation with the Abbott Group prior to the Distribution Date shall be taken into account for all purposes of the Abbott Retiree Health Plan and the Abbott Retiree Life Plan, including, but not limited to, for purposes of determining contribution levels.
Any U.S. Transferred Employee who is eligible to elect coverage (or any eligible dependent who is eligible to elect coverage) under the Abbott Retiree Medical Plan and Abbott Retiree Life Plan shall be entitled to elect to begin that coverage as of any date elected by that U.S. Transferred Employee that is after the Distribution Date and on or after his or her termination of employment (for any reason) with the Hospira Group.
Any post-retirement healthcare and life insurance coverage provided to U.S. Transferred Employees (and his or her dependents) shall be subject in all respects to the terms and conditions of the Abbott Retiree Medical Plan and Abbott Retiree Life Plan as in effect from time to time.
Abbott shall extend post-retirement healthcare and life insurance coverage under the Abbott Retiree Medical Plan and the Abbott Retiree Life Plan to each U.S. Transferred Employee (including any of his or her eligible dependents) who, as of the Distribution Date, is eligible to retire under the Abbott ARP.