Substantially Equivalent Coverage Clause Samples
Substantially Equivalent Coverage. In the event of a transfer of the Metro System to a nonpublic entity pursuant to Section 2.1, coverage substantially equivalent to all the above provisions shall be maintained by any successor in interest.
Substantially Equivalent Coverage. The NFT- Metro reserves the right to opt out of the retiree options outlined above, upon ratification and approval, and to replace that coverage with substantially equivalent coverage (Replacement Plan) which NFT Metro will submit to Teamsters Local 264 for its review and comment. If NFT Metro and Teamsters Local 264 cannot agree that the replacement coverage is substantially equivalent, the matter will be submitted to final and binding arbitration using the arbitrations procedure outlined in the collective bargaining agreement.
Substantially Equivalent Coverage. If the SDMS is transferred to another entity pursuant to Article 2, coverage substantially equivalent to all the above provisions shall be maintained by any successor in interest.