Common use of ASSUMED SUPPLEMENTAL ARP LIABILITIES Clause in Contracts

ASSUMED SUPPLEMENTAL ARP LIABILITIES. Except as provided below, as of the Distribution Date, Hospira shall, and shall cause the Hospira Supplemental ARP to, assume all Liabilities for all accrued obligations under the Abbott Supplemental ARP for the benefits for U.S. Transferred Employees determined as of the Distribution Date, and Abbott and the Abbott Supplemental ARP shall be relieved of all Liabilities for those benefits. Notwithstanding the foregoing, the parties acknowledge that certain Liabilities of Hospira with respect to the Hospira Supplemental ARP shall be satisfied by Abbott, as described in Section 7.4 of this Agreement.