OPEB Plans definition
Examples of OPEB Plans in a sentence
Computer Sciences GS shall, or shall cause one or more members of the Computer Sciences GS Group to, assume from CSC sponsorship of and all right, title and interest of CSC in and to and all related Assets and Liabilities and benefit obligations under the Transferred OPEB Plans.
For the avoidance of doubt, Schedule 1.10(c)(i) to this Agreement identifies those OPEB Plans where there shall be a Transfer of Assets or Liabilities or both as required by applicable Law, and any OPEB Plan not identified on such Schedule shall be deemed for purposes of this Agreement to be one for which such a Transfer of Assets or Liabilities is not required by applicable Law.
Cummins shall retain all Assets and Liabilities relating to the Cummins U.S. OPEB Plans, including Liabilities in respect of benefits for which each Filtration Employee and Former Filtration Service Provider may be eligible, and no Assets or Liabilities of the Cummins U.S. OPEB Plans shall be transferred to any post-termination health and life benefit plan maintained by any member of the Filtration Group.
For the avoidance of doubt, and solely for the purposes of this Section 3.1, the term “Fortive Welfare Plan” shall not include any Fortive OPEB Plans, and Fortive OPEB Plans will instead be governed by Section 3.4 of this Agreement.
No Loan Party nor any Subsidiary of a Loan Party nor any ERISA Affiliate has any liabilities with respect to any OPEB Plan that could reasonably be expected to result in material liability, individually or in the aggregate with other OPEB Plans.
The Transferred OPEB Plans shall provide such benefits and payments as set forth under the respective Transferred OPEB Plans to all eligible retired CSC Group Employees, Former CSC Group Employees and Computer Sciences GS Employees.
The Transferred OPEB Plans shall provide such benefits and payments as set forth under the respective Transferred OPEB Plans to all eligible retired CSC Group Employees, Former CSC Group Employees and Computer Sciences GS Group Employees.
Prior to the expiration of the transitional period under the Transition Services Agreement, ATMCo shall establish or cause to be established by a member of the ATMCo Group, the ATMCo OPEB Plans which correspond to the NCR OPEB Plans in which any ATMCo Group Employee and Former ATMCo Group Employee participates or is or may become eligible to participate as of immediately prior to the Distribution.
This insurance is obligatory, must be arranged for the entire duration of ▇▇▇▇▇▇▇+ mobility period and must be valid for the whole territory of the EU.
For the avoidance of doubt, and solely for the purposes of this Section 3.1, the term “Envista Welfare Plan” shall not include any Envista OPEB Plans, and Envista OPEB Plans will instead be governed by Section 3.4 of this Agreement.