Common use of Benefits Offered Clause in Contracts

Benefits Offered. The Committee shall determine what benefits will be offered under this Agreement, the terms and conditions upon which those benefits shall be offered, the effect on the Plan document of any proposed changes to the benefits offered. This duty encompasses: (1) Communicating with Participating Employers, their employees, and vendors about what benefits to offer under the Plan; (2) Analyzing the costs associated with proposed changes to benefits offered by the Plan; (3) Communicating with employee benefits counsel regarding legal issues associated with proposed changes to benefits offered by the Plan; (4) Communicating with employee benefits counsel regarding amendments to the Plan document and coordinating the preparation of new or amended Plan documents; and (5) Determining whether the Plan will be fully insured or self-funded.

Benefits Offered. The Committee shall determine what benefits will be offered under this Agreement, the terms and conditions upon which those benefits shall be offered, the effect on the Plan document of any proposed changes to the benefits offered. This duty encompasses: (1) Communicating with Participating Employers, their employees, and vendors about what benefits to offer under the Plan; (2) Analyzing the costs associated with proposed changes to benefits offered by the Plan; (3) Communicating with employee benefits counsel regarding legal issues associated with proposed changes to benefits offered by the Plan; (4) Communicating with employee benefits counsel regarding amendments to the Plan document and coordinating the preparation of new or amended Plan planPlan documents; and (5) Determining whether the Plan will be fully fully- insured or self-funded.