Effect of Change in Rates. Heinz and Spinco shall use their commercially reasonable best efforts to cause each of the insurance companies, HMOs, and third-party administrators providing services and benefits under the Heinz Health and Welfare Plans and the Spinco Health and Welfare Plans to maintain the premium and/or administrative rates based on the aggregate number of participants in both the Heinz Health and Welfare Plans and the Spinco Health and Welfare Plans, after the Close of the Distribution Date and through the end of the Transition Services Period, separately rated or adjusted for the demographics, experience or other relevant factors related to the covered participants of the Heinz Group and Spinco Group, respectively. To the extent they are not successful in such efforts, Heinz and Spinco shall each bear the cost of the revised premium or administrative rates for health and welfare benefits attributable to the individuals covered by their respective Plans.
Appears in 2 contracts
Sources: Employee Benefits Agreement (Heinz H J Co), Employee Benefits Agreement (Del Monte Foods Co)