Continuation Coverage Administration. As of the Distribution Date, Hilton shall retain and shall be solely responsible for, or cause its insurance carriers or HMOs to be responsible for, providing and administering the continuation coverage required by COBRA as it relates to any Hilton Qualified Beneficiary, and Park Place shall have no liability or obligation with respect thereto. As of the Distribution Date, Park Place shall retain and shall be solely responsible for, or cause its insurance carriers or HMOs to be responsible for, providing and administering the continuation coverage required by COBRA as it relates to any Park Place Qualified Beneficiary, and Hilton shall have no liability or obligation with respect thereto.
Appears in 2 contracts
Sources: Allocation Agreement (Hilton Hotels Corp), Employee Benefits and Other Employment Matters Allocation Agreement (Park Place Entertainment Corp)