WAG » Topics » Profit-Sharing and Health and Welfare Benefits.

This excerpt taken from the WAG 8-K filed Mar 4, 2008.
Profit-Sharing and Health and Welfare Benefits. Walgreens agrees that Employee (and his eligible dependents, where applicable) may continue to participate in the Walgreens Medical, Prescription, Dental, Life Insurance, Flex Pay and Personal Accident Insurance Plans through his Paid-Through Date under the same terms and conditions available to other Walgreens executives.  Thereafter, Employee will be eligible to continue medical, prescription and dental coverage under the plans’ COBRA continuation provisions.  Employee may also continue to participate in the Walgreens Profit-Sharing and Profit-Sharing Restoration Plans through his Paid-Through Date.  Employee’s COBRA eligibility will not commence until the end of the Paid-Through period and his COBRA rights will not be negatively impacted by this Agreement.  Employee’s coverage under the Walgreens Income Protection Plan ends as of his Last Day Worked.

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