Common use of Future Contributions Clause in Contracts

Future Contributions. The UAW, the Class, and the Covered Group may not negotiate any increase of Newco’s funding or payment obligations set out herein. The UAW on its behalf, acting as the authorized representative of the Class and the Covered Group also agrees not to seek to obligate Newco 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 Newco 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 2 contracts

Samples: Retiree Settlement Agreement, Retiree Settlement Agreement (Chrysler Group LLC)

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Future Contributions. The UAW, the Class, Class and the Covered Group may not negotiate any increase of NewcoNew Co’s funding or payment obligations set out herein. The UAW UAW, acting on its behalf, acting own behalf and as the authorized representative of the Class and the Covered Group Group, also agrees not to seek to obligate Newco New Co 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, Provided that, the UAW may propose that Newco New Co 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 1 contract

Samples: Warrant Agreement (General Motors Co)

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Future Contributions. The UAW, the Class, and the Covered Group may not negotiate any increase of Newco’s 's funding or payment obligations set out herein. The UAW on its behalf, acting as the authorized representative of the Class and the Covered Group also agrees not to seek to obligate Newco 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 Newco 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 1 contract

Samples: Shareholders Agreement

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