SpinCo Flex Plan definition

SpinCo Flex Plan shall have the meaning set forth in Section 7.04.
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SpinCo Flex Plan means the Health Flexible Spending Account and the Dependent Care Flexible Spending Account under a cafeteria plan established by SpinCo as described in Section 7.04.
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Examples of SpinCo Flex Plan in a sentence

  • Such SpinCo Flex Plan shall assume responsibility as of the Effective Time for all outstanding health or dependent care claims under the corresponding Parent Welfare Plans of each SpinCo Group Employee for the year in which the Effective Time occurs and shall assume and agree to perform the obligations of the corresponding Parent Welfare Plans from and after the Effective Time.

  • Such SpinCo Flex Plan shall assume responsibility as of the Effective Time for all outstanding health or dependent care claims under the corresponding Parent Welfare Plans of each SpinCo Group Employee as of the first day of the year in which the Effective Time occurs and shall assume and agree to perform the obligations of the corresponding Parent Welfare Plans from and after the Effective Time.

  • The Parties shall use commercially reasonable efforts to ensure that as of the Effective Time any health and dependent care flexible spending accounts of SpinCo Group Employees (whether positive or negative) (the “Transferred Account Balances”) under Parent Welfare Plans are transferred as soon as practicable after the Effective Time, from the Parent Welfare Plans to the SpinCo Flex Plan.

  • The Parties shall use commercially reasonable efforts to ensure that as of the Effective Time any health and dependent care flexible spending accounts of SpinCo Group Employees (whether positive or negative) (the “Transferred Account Balances”) under Parent Welfare Plans are transferred as soon as practicable after the Effective Time, from the Parent Welfare Plans to the SpinCo Flex Plan (but only to the extent such accounts under the Parent Welfare Plans are not already maintained by SpinCo).

  • The Parties shall use commercially reasonable efforts to ensure that as of the Effective Time, any health and dependent care flexible spending accounts of SpinCo Group Employees (whether positive or negative) (the “Transferred Account Balances”) under Parent Welfare Plans are transferred as soon as practicable after the Effective Time, from the Parent Welfare Plans to the SpinCo Flex Plan (but only to the extent such accounts under the Parent Welfare Plans are not already maintained by SpinCo).

  • For example, the dedicated M&E team in the RSU was established by merging the Research Monitoring and Evaluation Cell of the education department initiated under SSAC with the SEMIS to create a central authority responsible for data quality and credibility.

Related to SpinCo Flex Plan

  • SpinCo shall have the meaning set forth in the Preamble.

  • SpinCo Group means Spinco and the Spinco Subsidiaries.

  • SpinCo Separate Return means any Tax Return of or including any member of the SpinCo Group (including any consolidated, combined, or unitary return) that does not include any member of the Parent Group.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

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

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • SpinCo Assets shall have the meaning set forth in Section 2.2(a).

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • ITT has the meaning given to it in the recitals to this Framework Agreement;

  • SpinCo Contracts means the following contracts and agreements to which either Party or any member of its Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing (provided that SpinCo Contracts shall not include (x) any contract or agreement that is contemplated to be retained by Parent or any member of the Parent Group from and after the Effective Time pursuant to any provision of this Agreement or any Ancillary Agreement or (y) any contract or agreement that would constitute SpinCo Technology) or (z) any contract or agreement set forth on Schedule 1.2: