UNION PLANS Sample Clauses
The UNION PLANS clause defines the obligations and procedures related to employee benefit plans that are governed by a labor union agreement. It typically outlines the employer’s responsibilities for making contributions to union-sponsored health, retirement, or welfare plans on behalf of covered employees. For example, it may specify the frequency and method of payments, reporting requirements, and the types of benefits provided. The core function of this clause is to ensure compliance with collective bargaining agreements and to clarify the parties’ duties regarding union benefit plans, thereby reducing the risk of disputes or legal violations.
UNION PLANS. Effective as of the Distribution Date, ▇▇▇▇▇▇ Group shall retain, assume and perform, fulfill and discharge all responsibilities, Liabilities and obligations under the Union Plans whether they arose prior to, on or after the Distribution Date. From and after the Distribution Date, the ▇▇▇▇▇▇▇-▇▇▇▇▇ Squibb Group shall have no responsibilities, Liabilities or obligations in connection with the Union Plans.
UNION PLANS. REI and/or Resources shall continue to maintain all Union Plans in existence as of January 1, 2001 up to and after the Distribution Date as required by the terms of the applicable collective bargaining agreements and in accordance with the terms of those plans and subject to collective bargaining. For example, but not by way of limitation, Resources will establish qualified plans which mirror the Retirement Plan and REI Savings Plan for the benefit of certain Resources Union Employees, and will assume the sponsorship of certain other tax qualified plans for the benefit of certain other Resources Union Employees.
UNION PLANS. Union Plans," means all Plans maintained by REI or Resources for the benefit of certain of their bargaining unit employees.
UNION PLANS. 15 2.08 RELIANT ENERGY TEGCO, INC. EMPLOYEES.................................16 2.09
UNION PLANS. Union Plans," when immediately preceded by "Southern Energy," means all Plans maintained by Southern Energy exclusively for the benefit of certain of its bargaining unit employees.
UNION PLANS. 10 Section 2.09. International Retirement and Welfare Benefit Plans............10
UNION PLANS. Southern and/or Southern Energy shall continue to maintain all Union Plans in existence as of the IPO Closing Date up to and after the Distribution Date in accordance with the terms of those plans and subject to collective bargaining.
UNION PLANS. 10 1.75 VALUE CREATION PLAN............................................................................10 ARTICLE II
UNION PLANS. Effective on the Closing Date, Purchaser ----------- shall assume the sponsorship of each employee benefit plan and benefit arrangement provided for under the collective bargaining agreements to the Business.
UNION PLANS. 8 1.75 Value Creation Plan.......................................................................................9