Supplementary Unemployment Benefit. To be amended as follows: The Company will establish a $2 million SUB fund accrual upon the effective date of this Agreement. Thereafter, should the funding be drawn down to a $1 million balance, the Company will refresh the accrual back to the $2 million level. The $0.10/hour funding mechanism is eliminated. The weekly benefit payable under the plan will be increased from $150 to $200. In all other respects, however, the provisions of the SUB plan remain in effect. ITEM 11 LETTER OF AGREEMENT RE: HEALTH AND SAFETY
Appears in 3 contracts
Samples: Basic Agreement, Basic Agreement, Basic Agreement
Supplementary Unemployment Benefit. To be amended as follows: The Company will establish a $2 million SUB fund accrual upon the effective date of this Agreement. Thereafter, should the funding be drawn down to a $1 million balance, the Company will refresh the accrual back to the $2 million level. The $0.10/hour funding mechanism is eliminated. The weekly benefit payable under the plan will be increased from $150 to $200. In all other respects, however, the provisions of the SUB plan remain in effect. ITEM 11 LETTER OF AGREEMENT RE: HEALTH AND SAFETY.
Appears in 2 contracts
Samples: Letter of Agreement, Letter of Agreement