Continuation Coverage Claims. As of the Distribution Date, PriceSmart 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 PEI Medical/Dental Plan in respect of any Qualified Beneficiary and claims asserted or incurred or premiums owed after the Distribution Date under any PEI Medical/Dental Plan in respect of any Qualified Beneficiary, and PEI shall have no liability or obligation with respect thereto.
Appears in 2 contracts
Sources: Employee Benefits & Other Employment Matters Allocation Agreement (Pricesmart Inc), Employee Benefits & Other Employment Matters Allocation Agreement (Price Enterprises Inc)