Common use of Future Contributions Clause in Contracts

Future Contributions. The UAW, the Class and the Covered Group may not negotiate any increase of GM’s funding or payment obligations set out herein. The UAW also agrees not to seek to obligate GM to: (i) provide any additional payments to the New VEBA other than those specifically required by this Settlement Agreement; (ii) make any other payments for the purpose of providing Retiree Medical Benefits to the Class or the Covered Group; or (iii) provide or assume the cost of Retiree Medical Benefits for the Class or the Covered Group through any other means. Provided that, the UAW may propose that GM Active Employees be permitted to make contributions to the New VEBA of amounts otherwise payable in profit sharing, COLA, wages and/or signing bonuses, if not prohibited by law.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement (General Motors Corp)

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