New Benefit Plans Clause Samples
The "New Benefit Plans" clause establishes the terms under which an employer may introduce, modify, or discontinue employee benefit plans during the course of an agreement. Typically, this clause outlines the process for notifying employees or their representatives about changes to benefits such as health insurance, retirement plans, or other perks, and may specify any limitations or requirements for implementing new plans. Its core practical function is to provide a clear framework for managing changes to employee benefits, ensuring both parties understand their rights and obligations regarding new or altered benefit offerings.
New Benefit Plans. 7.7(a)............
New Benefit Plans. 56 NYSE........................................................................16
New Benefit Plans. CMC shall establish, adopt or enter into such plans, policies, programs, arrangements, contracts, trust agreements, insurance policies or other agreements or funding vehicles as may be necessary or appropriate to provide compensation, bonus, incentive, vacation, workers' compensation, severance, pension, retirement and welfare benefits to or for the benefit of active and former CMC Employees ("CMC Plans") in accordance with Section 4 herein.
New Benefit Plans