Examples of Surviving Corporation Plan in a sentence
No preexisting condition limitations (that would not have been applicable under the Company Plans) shall be imposed on Continuing Employees upon admittance into any Surviving Corporation Plan.
A copy of the Surviving Corporation Plan shall be provided to the Company prior to the Closing Date.
Employees of the Company shall be given credit for amounts paid under a corresponding welfare benefit plan during the same period for purposes of applying deductibles, co-payments and out-of-pocket maximums as though such amounts had been paid in accordance with the terms of the applicable Surviving Corporation Plan.
No pre-existing condition limitations not applicable under the Plans shall be imposed on Continuing Employees upon admittance into any Surviving Corporation Plan.
Under the Surviving Corporation Plan, each covered employee shall have an account to which will be credited a number of shares of Parent Common Stock (including fractional shares thereof).
In exchange for the credits made under the Surviving Corporation Plan, the covered employees shall surrender all rights to any Unvested Options.
Nothing in this Section 7.9 shall amend, or be deemed to amend, any Company Benefit Plan or Surviving Corporation Plan.
Nothing herein shall be construed as an amendment to, modification, termination or establishment of, any Employee Plan, Surviving Corporation Plan or compensation or benefit plan, program, agreement or policy of Parent or any of its Subsidiaries, nor shall limit or prohibit Parent or any of its Subsidiaries from amending, modifying, terminating of establishing any benefit or compensation plan, program, agreement or policy.
However, all need to be clarified in order to help policy makers minimise risks and enhance opportunities in the context of changing local and global environments.
Employees of the Company shall be given credit for amounts paid under a corresponding welfare benefit plan during the same period for purposes of applying deductibles, co-payments and out-of- pocket maximums as though such amounts had been paid in accordance with the terms of the applicable Surviving Corporation Plan.