Common use of Voluntary Employees’ Beneficiary Association (VEBA Clause in Contracts

Voluntary Employees’ Beneficiary Association (VEBA. 1. The Board will establish a Voluntary Employees’ Beneficiary Association (VEBA), as set forth herein. The Board and the Association shall mutually agree as to what investment funds will be offed under the VEBA, not less than annually, and, to the extent more than one fund is offered, the participants shall be given the right to allocate their account balances among such funds. Participants shall be solely responsible for the performance of the investment fund(s).

Voluntary Employees’ Beneficiary Association (VEBA. 1. The Board will establish a Voluntary Employees’ Beneficiary Association (VEBA), as set forth herein. The Board and the Association shall mutually agree as to what investment funds will be offed offered under the VEBA, not less than annually, and, to the extent extent, more than one fund is offered, the participants shall be given the right to allocate their account balances among such funds. Participants shall be solely responsible for the performance of the investment fund(s).