definiens: , as such term is defined in Section 419(e ) of the Code, or other funding mechanism or ( C ) insured . Each such employee welfare benefit plan may be amended or terminated ( including with respect to benefits provided to retirees and other former employees ) without material liability ( other than benefits then payable under such plan without regard to such amendment or termination ) to the Company or any of its Subsidiaries at any time after the < PAGE > 27 Effective Time . Each of the Company and its Subsidiaries complies in all material respects with the applicable requirements of Section 4980B(f ) of the Code or any similar state statute with respect to each Company Benefit Plan that is a group health plan, as such term is defined in Section 5000(b)(1 ) of the Code or such state statute . Neither the Company nor any of its Subsidiaries has any material obligations for retiree health or life insurance benefits under any Company Benefit Plan ( other than for continuation coverage required under Section 4980(f ) of the Code )