New Welfare Plans definition

New Welfare Plans has the meaning set forth in Section 8.4.
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New Welfare Plans shall have the meaning set forth in Section 4.5(c).
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New Welfare Plans has the meaning set forth in Section 4.4(b).
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Examples of New Welfare Plans in a sentence

  • WRECO and the WRECO Subsidiaries shall be liable for payment of all Welfare Benefit Claims incurred on or after the Distribution Date with respect to any WRECO Employee (or any dependent or beneficiary thereof) and, from and after the Effective Time, Parent shall, and shall cause the Parent Subsidiaries to, cause all such Welfare Benefit Claims to be assumed by and administered under the New Welfare Plans.

  • New Diamond will provide administrative services and support to the New Welfare Plans following the Closing Date, as set forth in the Transition Services Agreement.

  • For purposes of applying Section 4.5(c) of Annex A to the Contribution Agreement, the Continued Duke Welfare Plans shall be deemed to be New Welfare Plans; provided, however, that Eligible Expenses of a Retained DEFS Employee shall be determined without regard to when such expenses are recorded by the applicable plan administrator or reported to the Company.

  • The Purchaser shall cause the New Welfare Plans to credit (or shall use commercially reasonable efforts to cause its third party administrator or insurance carrier to credit) the Transferred Employees and their dependants and beneficiaries with any deductible, co-payments and out-of-pocket requirements under the New Welfare Plans to the extent of amounts previously credited for 2008 for such purposes under the corresponding Seller Benefit Plans.

  • During the Continuation Period, the participation cost to a Continuing Employee under the New Welfare Plans shall be not more than the participation cost to substantially similarly situated employees of the Buyer and its affiliates.

  • Branded Employees who retire from Ralcorp or Acquiror after the Distribution Date shall not be entitled to retiree medical and life insurance benefits from the Ralcorp Welfare Plans, but shall be eligible for coverage as provided by the New Welfare Plans.

  • Our paper contributes to the existing literature in several ways.

  • During the Continuation Period, the participation cost to a Continuing Employee under the New Welfare Plans shall be not more than the participation cost to similarly situated employees of the Buyer and its affiliates.

  • The participation cost to a Continuing Employee under the New Welfare Plans shall be not more than the participation cost to similarly situated employees of Buyer and its Affiliates.

  • Acquiror shall take, or cause to be taken, all action necessary and appropriate to cause either (i) its existing welfare plans to be amended, or (ii) new welfare plans to be adopted which will cover Branded Employees (and their dependents as appropriate) immediately following the Distribution Date (the "New Welfare Plans").


More Definitions of New Welfare Plans

New Welfare Plans has the meaning set forth in Section 10.1(c)(ii)(A).
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New Welfare Plans. Old Welfare Plans," "PGC Employee," "Philxxxx XXX," "Retained DEFS Employee" and "Transferred PGC Employee" shall have the meanings assigned to such terms in Annex A to the Contribution Agreement, (iii) the term "Continued Duke Welfare Plan" shall have the meaning set forth in Section 7.4(a), (iv) the term "TEPPCO Employee" shall mean any individual who is, immediately prior to the date hereof, an Employee of TEPPCO, and (v) the term "DEFS Severance Plan" shall mean that certain 2000 Duke Energy Field Services Severance Benefits Plan as in effect on April 1, 2000. The terms of this Article VII shall govern and control to the extent they are inconsistent or conflict with the terms of Annex A to the Contribution Agreement, and the provisions of Sections 7.3, 7.4 and 7.5 shall be deemed to be a part of Annex A to the Contribution Agreement for purposes of the indemnification provisions of Sections 9.1(iii), 9.2(a)(iv) and 9.2(b)(iv) of the Contribution Agreement. The provisions of Section 5.1 of Annex A to the Contribution Agreement shall apply with respect to the compensation and benefit matters addressed in this Article VII.
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New Welfare Plans is defined in Section 9.6(b).
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Related to New Welfare Plans

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Health and Welfare Plans means any plan, fund or program which was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including PPO, EPO and HDHP coverages), dental, prescription, vision, short-term disability, long-term disability, life and AD&D, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs or day care centers, scholarship funds, or prepaid legal services, including any such plan, fund or program as defined in Section 3(1) of ERISA.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Company Plans shall have the meaning set forth in Section 3.14(a).

  • New Plans has the meaning set forth in Section 5.5(b).

  • Child welfare agency means a child-placing agency, child-caring institution or independent foster

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Health Plans means any and all individual and family health and hospitalization insurance and/or self-insurance plans, medical reimbursement plans, prescription drug plans, dental plans and other health and/or wellness plans.

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Retiree means any person who has begun accruing a retirement

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Child welfare services means social services including

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;