Method of Providing Benefits. The benefits shall be provided and maintained by such means as the Trustees shall in their sole discretion determine.
Method of Providing Benefits. Benefits under the Plan may be fully insured, partially insured or self-insured, as determined by the Board from time to time in its sole discretion. The expected cost of benefits under the Plan shall not exceed the amount expected to be available under the Trust.
Method of Providing Benefits. Benefits under a Plan may be fully insured, partially insured or self-insured, as determined from time to time by the Committee in its sole discretion and in accordance with the funding policy established pursuant to Section
Method of Providing Benefits. Benefits under a Plan may be fully insured, partially insured or self-insured, as determined from time to time by the Committee in its sole discretion and in accordance with the funding policy established pursuant to Section 10.3. In all events, the expected cost of Benefits to be provided under each Plan during any calendar year shall not exceed the amount of assets expected to be available under the Separate Retiree Account related to such Plan to cover such costs during such calendar year.
Method of Providing Benefits. Benefits under the Plans may be fully insured, partially insured or self-insured, as determined by the VEBA Committee from time to time. The cost of benefits under the Plans shall not exceed the amount expected to be available under the Trust. The Plans may provide for different programs for different groups of Participants. Subject to paragraph 2(b) above and the Purposes of the Trust, the VEBA Committee, in its sole discretion, shall decide the amount of subsidy for a Current Eligible Retiree as long as the Trust is in existence. The exercise of this discretion shall be limited to the design of the Plans and may not be used in making decisions regarding benefits for individual Participants (except in connection with claims for benefits under the terms of the Plans or in decisions relating to the Hardship Fund to effectuate its Purposes).
Method of Providing Benefits. The cost of benefits under the Plans shall not exceed the amount expected to be available under the Trust.
Method of Providing Benefits. The portion of any pension benefit provided pursuant to this agreement that cannot be provided by the MEMC Pension Plan (a qualified plan subject to the requirements of Section 401 of the Internal Revenue Code) in accordance with its terms shall be provided through the SEPP regardless of any provision in the SEPP document. In the event providing the continued medical and dental coverage prescribed above would, in the opinion of tax counsel to MEMC, jeopardize the favorable federal income tax treatment of the medical or dental benefits provided to other employees of MEMC, MEMC shall pay Mr. von Horde an amount in cash equal to the cost to Mr. von Horde of paying for COBRA continuation coverage during the period to which he is entitled to coverage pursuant to this agreement (the "COBRA premium reimbursement"), plus an amount in cash (the "tax gross-up amount") so that the net amount after payment of the federal and state income tax imposed on the COBRA premium reimbursement and the tax gross-up amount shall equal the COBRA premium reimbursement.
