Common use of Pension Legislation Clause in Contracts

Pension Legislation. In the event that future federal legislation allows ABF to reduce its pension contribution rates which would not cause a reduction in benefits, the Company reserves the right to reopen the ABF NMFA as it relates to the pension contribution rates. If the parties do not agree on a mutually satisfactory resolution to negotiations over such issue within sixty (60) days of the start of such negotiations, either party shall be permitted all legal or economic recourse in support of its proposals on this matter notwithstanding any provisions of this Agreement to the contrary.

Appears in 5 contracts

Samples: National Abf National Master Freight Agreement, Abf National Master Freight Agreement, National Master Freight Agreement (Arcbest Corp /De/)

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