New VEBA definition

New VEBA means the trust fund established pursuant to the Settlement Agreement. “Non-Assignable Assets” has the meaning set forth in Section 2.4(a).
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New VEBA means a new trust fund to be established as described in Section 4 of this Settlement Agreement.
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New VEBA means the UAW Retiree Medical Benefits Trust that was established pursuant to the Chrysler Retiree Settlement and is further described in Section 4 of this Settlement Agreement.
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Examples of New VEBA in a sentence

  • However, in no event may the Committee amend the New Plan or New VEBA to provide benefits other than Retiree Medical Benefits until the expiration of the Initial Accounting Period.

  • The funding and operation of the Institute shall be separate, independent and distinct from the New Plan and the New VEBA.

  • The ability of the New Plan and the New VEBA to pay for Retiree Medical Benefits will depend on numerous factors, many of which are outside of the control of UAW, the Committee, the New Plan and the New VEBA, including, without limitation, the investment returns, actuarial experience and other factors.

  • The Debtors, the Purchaser, and the UAW are authorized and directed to perform their obligations under, or in connection with, the implementation of the UAW Retiree Settlement Agreement and to comply with the terms of the UAW Retiree Settlement Agreement, including the obligation of the Purchaser to reimburse the UAW for certain expenses relating to the 363 Transaction and the transition to the New VEBA arrangements.

  • The New VEBA will also be funded by the transfer of assets from the Existing External VEBA and the assets in the UAW Related Account of the Existing Internal VEBA (each as defined in the UAW Retiree Settlement Agreement).

  • It will be the responsibility of the Committee and the New VEBA to audit the eligibility for, and payment of, the Special Benefit.

  • As set forth in the UAW Retiree Settlement Agreement, the Purchaser has agreed to make contributions of cash, stock, and warrants of the Purchaser to the New VEBA (as defined in the UAW Retiree Settlement Agreement), which will have the obligation to fund certain health and welfare benefits for the UAW-Represented Retirees.

  • The assignment of equity to the New VEBA (as defined in the UAW Retiree Settlement Agreement) and 7176384 Canada Inc.

  • The New VEBA will also be funded by the transfer of the UAW Related Account from the Existing Internal VEBA and the assets of the Existing External VEBA to the New VEBA (each as defined in the UAW Retiree Settlement Agreement).

  • New GM will make contributions to the New VEBA, which will have the obligation to fund the UAW retiree health and welfare benefits.


More Definitions of New VEBA

New VEBA means the UAW Retiree Medical Benefits Trust, a voluntary employees' beneficiary association trust.
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New VEBA has the meaning set forth in the Settlement Agreement.
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New VEBA means the trust fund established pursuant to the Settlement Agreement.
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New VEBA means the new trust fund to be established pursuant to the SettlementAgreement.
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New VEBA means a new trust fund to be established effective on the Implementation Date pursuant to this MOU and the Final Settlement Documentation. Such trust fund shall be qualified as a Voluntary Employee Beneficiary Association by the Internal Revenue Service under Section 501(c)(9) of the Internal Revenue Code and, if applicable, meet the requirements of Section 302(c)(5) of the Labor Management Relations Act, 29 U.S.C. Section 186(c)(5).
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New VEBA shall have the meaning set forth in the Preamble.
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Related to New VEBA

  • VEBA means a voluntary employees' beneficiary association under IRC Section 501(c)(9).

  • EBA means the European Banking Authority (including any successor or replacement organization thereto).

  • SpinCo shall have the meaning set forth in the Preamble.

  • Administrative Plans means investment plans offered by the Management Company and approved by the Commission, where such plans allow investors a specific investment strategy in any one or a combination of Schemes managed by the Management Company in accordance with the conditions specified by SECP.

  • Grandfathered health plan means a group health plan or an

  • ITT has the meaning given to it in the recitals to this Framework Agreement;

  • Plan B means the 1997 Non-Statutory Stock Option Plan;

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Local Plan means a local or regional public transportation plan(s), which may include adopted policy(ies) that is developed and approved by the Governing Body of a Qualified Entity, Public Transportation Service Provider, or Metropolitan Planning Organization and which includes, at a minimum:

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • RSP means Rail Settlement Plan Limited;

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • RemainCo shall have the meaning set forth in the Preamble.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • FAC means the Florida Administrative Code.

  • Statewide popular election means a general election in which

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

  • ITC (this Section2 of the RFP) means the Instructions to Consultants that provides the Consultants with all information needed to prepare their Proposals.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Salary reduction plan means a benefit plan whereby state and

  • DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

  • Cost Allocation Plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.