Continuation Coverage Claims. As of the Distribution Date, ---------------------------- Sunburst or a Retained Subsidiary 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 incurred or premiums owed through December 31, 1997, whether asserted before or after December 31, 1997, under any Sunburst Welfare Plan in respect of any Sunburst Qualified Beneficiary or Choice Qualified Beneficiary and shall be responsible for claims incurred or premiums owed after December 31, 1997 under any Sunburst Welfare Plan in respect of any Sunburst Qualified Beneficiary, and Choice and the Choice Subsidiaries shall have no liability or obligation with respect thereto.
Appears in 2 contracts
Sources: Employee Benefits & Other Employment Matters Allocation Agreement (Choice Hotels International Inc), Employee Benefits & Other Employment Matters Allocation Agreement (Choice Hotels Franchising Inc)