Continuation Coverage Claims. As of the Distribution Date, Hilton shall assume or retain and shall be responsible for, or cause its insurance carriers or HMOs to be responsible for, all liabilities and obligations in connection with claims asserted or incurred or premiums owed through the Distribution Date under any Hilton Medical/Dental Plan in respect of any Hilton Qualified Beneficiary and claims asserted or incurred or premiums owed after the Distribution Date under any Hilton Medical/Dental Plan in respect of any Hilton Qualified Beneficiary, and Park Place shall have no liability or obligation with respect thereto. As of the Distribution Date, Park Place shall assume or retain and shall be responsible for, or cause its insurance carriers or HMOs to be responsible for, all liabilities and obligations in connection with claims asserted or incurred or premiums owed through the Distribution Date under any Hilton Medical/Dental Plan in respect of any Park Place Qualified Beneficiary and claims asserted or incurred or premiums owed after the Distribution Date under any Hilton Medical/Dental Plan or any Park Place Medical/Dental Plan in respect of 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)