Legacy Accounts. (A) The Parent Group shall maintain the Legacy Accounts in accordance with the terms of Legacy Accounts and applicable Law after the Termination Date and through the Transfer Date. (B) Effective on the Transfer Date, Parent shall transfer to a member of the SpinCo Group the Legacy Accounts, and SpinCo shall assume all the Legacy Accounts and all related assets, liabilities and responsibilities of such Legacy Accounts. The Parent Group (excluding the SpinCo Group) shall cease to have any liability or responsibility with respect to the Legacy Accounts immediately following the Transfer Date. Except as otherwise provided in this Appendix F with respect to the Cork Plan and the Legacy Accounts: (i) the SpinCo Group assumes no liability with respect to, and receives no right or interest in, any Parent Share Plan; and (ii) the Parent Group shall retain all of the purchase plans sponsored or maintained by a member of the Parent Group, including all of the Parent Share Plans.
Appears in 2 contracts
Sources: Employee Matters Agreement (GE HealthCare Technologies Inc.), Employee Matters Agreement (GE Healthcare Holding LLC)