Common use of PROCEDURES FOR AMENDMENTS TO PLANS Clause in Contracts

PROCEDURES FOR AMENDMENTS TO PLANS. Plan Designs, Administrative Practices, and Vendor Contracts. (a) Changes in Vendor Contracts, Group Insurance Policies, Plan Design, and Administration Practices and Procedures. From Immediately After the Distribution Date through the expiration of the respective financial fee or rate guarantees in effect as of the Close of the Distribution Date under the applicable ASO Contract or Group Insurance Policy, any party must comply with Section 5.3(b) if that party seeks to materially amend, modify, alter or take other action which would have a material effect on, any of the following items that, in the reasonable opinion of the other party, shall have a material adverse impact on one or more of the other party's Health and Welfare Plans (each such modification, an "Adverse Change"): (i) the termination date, administration, or operation of (A) an ASO contract between Crane or Huttig and a third-party administrator, or (B) a Group Insurance Policy issued to Crane or Huttig, in each case, the material terms and conditions of which contracts and policies are extended to Huttig or to which Huttig becomes a party pursuant to Section 5.2; (ii) the design of either a Crane Health and Welfare Plan or a Huttig Health and Welfare Plan; or (iii) the financing, operation, administration or delivery of benefits under either a Crane Health and Welfare Plan or a Huttig Health and Welfare Plan.