¨ Delayed Effective Date for Bargained Plan Sample Clauses
The "Delayed Effective Date for Bargained Plan" clause establishes that the implementation of certain plan changes will be postponed for employees covered by a collective bargaining agreement until the agreement expires or is renegotiated. In practice, this means that while new terms or benefits may take effect immediately for non-union employees, unionized employees will continue under the existing plan provisions until their contract allows for changes. This clause ensures respect for existing labor agreements and prevents conflicts between new plan terms and ongoing collective bargaining arrangements.
¨ Delayed Effective Date for Bargained Plan. The Plan was maintained pursuant to one or more collective bargaining agreements ratified by August 17, 2006 and the effective date of the provisions of this paragraph shall be the first day of the first Plan Year beginning on or after: Effective Date: Plan Year beginning (cannot be later than the earlier of the Plan Year beginning after (i) December 31, 2008 or (ii) the later of the date on which the last of the collective bargaining agreements described above terminates (without regard to any extension on or after August 17, 2006) or December 31, 2007)