Examples of Transition Termination Date in a sentence
In addition, any renewal or converted policies issued by the Company as required by law after the applicable Transition Termination Date arising directly or indirectly with respect to any policy previously reinsured under this Coinsurance Agreement shall constitute Transition GBO Policies and automatically and immediately be ceded under this Coinsurance Agreement.
A Welfare Claim for hospital admission shall be deemed to have been incurred on the date of admission to the hospital, PROVIDED, HOWEVER, that financial responsibility for any costs associated with the hospital confinement of an Active Xxxxxx Employee shall be assumed by Xxxxxx immediately following the Transition Termination Date.
From the Effective Date through the Transition Termination Date, GECM shall use commercially reasonable efforts to assist MCM in connection with it entering into new agreements with any information system, trading platform or similar service vendors of GECM, on terms as close as are reasonably obtainable to the existing terms of such contracts taking into account that MCM will be the sole party to such new agreements.
Effective as of the Transition Termination Date or such earlier date as Xxxxxxx-Xxxxx Squibb and Zimmer may mutually agree, Zimmer shall provide a Zimmer adoption assistance program to Active Zimmer Employees which is substantially similar in all material respects to the Xxxxxxx-Xxxxx Squibb Company Adoption Assistance Program.
Unless otherwise agreed to by the parties hereto, the Company shall not be required to issue and cede Transition GBO Policies in any amount in any jurisdiction after the Transition Termination Date for that jurisdiction; except with respect to any renewal or conversion policies issued by the Company as required by law after the Transition Termination Date arising directly or indirectly with respect to any Coinsured Policy previously reinsured under this Coinsurance Agreement.
To the extent necessary, the appropriate members of the Xxxxxx Group shall adopt the International Xxxxxx Health and Welfare Plans and enroll the Active Xxxxxx Employees in such International Health and Welfare Plans, as soon as practicable, but, no later than the Transition Termination Date.
Each of GECM and MCM shall use reasonable best efforts to de-integrate their operations as soon as possible, but not later than the Transition Termination Date; provided, that neither party shall be required to incur any extraordinary expenses in connection therewith.
Effective as of the Transition Termination Date or such other date as Xxxxxxx-Xxxxx Squibb and Zimmer may mutually agree, the Xxxxxxx-Xxxxx Squibb Company Adoption Assistance Program shall cease to provide reimbursement to any Active Zimmer Employees and any and all outstanding approved reimbursements shall be made by Zimmer.
Effective as of the Transition Termination Date or such earlier date as Xxxxxxx-Xxxxx Squibb and Zimmer may mutually agree, Zimmer shall provide a Zimmer educational assistance program to Active Zimmer Employees which is substantially similar in all material respects to the Xxxxxxx-Xxxxx Squibb Company Educational Assistance Tuition Aid Program.
No member of the Xxxxxxx-Xxxxx Squibb Group shall have any obligation to continue such enrollment or participation in the Xxxxxxx-Xxxxx Squibb Health and Welfare Plans on or after the Transition Termination Date and Zimmer shall reimburse and indemnify Xxxxxxx-Xxxxx Squibb for and against any and all costs, expenses or Liabilities incurred by Xxxxxxx-Xxxxx Squibb or any member of the Xxxxxxx-Xxxxx Squibb Group that result from the termination of such enrollment or participation.