Retiree Health Coverage. First Merchants shall take such action as may be necessary so that immediately following the Effective Date, the retirees of Citizens and the Subsidiaries and dependents listed in Section 5.12(m) of the Citizens Disclosure Letter shall be eligible for medical and prescription drug coverage under the health plans of First Merchants. Such retirees shall be responsible for the entire cost of such coverage.
Appears in 2 contracts
Sources: Merger Agreement (First Merchants Corp), Agreement of Reorganization and Merger (CFS Bancorp Inc)