Annuity Plan. The Company and the Union agree to establish an Annuity fund for deferred income payment for its employees covered under this Agreement. This money shall not be subject to Federal, State or City income taxes until maturity. The funds shall come from employer contributions to the Pension, Health Plan and/or cost of living allowances.
Appears in 7 contracts
Samples: Parcel Service Supplemental Agreement, Parcel Service Supplemental Agreement, Master United Parcel Service Agreement
Annuity Plan. The Company and the Union agree to establish an Annuity fund for deferred income payment for its employees covered under this Agreement. This money shall not be subject to Federal, State or City income taxes until maturity. The funds shall come from employer employer contributions to the Pension, Health Plan and/or cost of living living allowances.
Appears in 1 contract
Samples: Letter of Agreement
Annuity Plan. The Company and the Union agree to establish an Annuity fund for deferred income payment for its employees covered under this AgreementAgree- ment. This money shall not be subject to Federal, State or City income taxes until maturity. The funds shall come from employer contributions contribu- tions to the Pension, Health Plan and/or cost of living allowances.
Appears in 1 contract
Samples: Letter of Agreement
Annuity Plan. The Company and the Union agree to establish an Annuity fund for deferred income payment for its employees covered under this Agreement. This money shall not be subject to Federal, State or City income taxes until maturity. The funds shall come from employer em- ployer contributions to the Pension, Health Plan and/or cost of living liv- ing allowances.
Appears in 1 contract
Samples: Letter of Agreement
