Common use of Ability to Substitute Clause in Contracts

Ability to Substitute. If necessary to preserve for each Party the economic benefits bargained for under this Attachment, the Parties agree to consider, in good faith, alternate methods of computing payments under this Section 3.03 as a substitute for the present provisions. Any method substituted shall have as its objective to produce a fair estimate of the OPEB expense and other payments as set forth in this Section 3.03. The Parties may agree to substitute an alternative method of computing reimbursement under this Section 3.03.

Appears in 3 contracts

Samples: Employee Transition Agreement, Employee Transition Agreement (Visteon Corp), Employee Transition Agreement (Visteon Corp)

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Ability to Substitute. If necessary to preserve for each Party the economic benefits bargained for under this Attachment, the The Parties may agree to consider, in good faith, alternate methods substitute an alternative method of computing payments reimbursement under this Section 3.03 as a substitute for the present provisions3.03. Any The method substituted shall have as its objective to produce a fair estimate of the OPEB expense and other payments as reimbursement charges set forth in this Section 3.03. The Parties may agree Section, and should preserve for each Party, to substitute an alternative method of computing reimbursement the extent possible, the economic benefits bargained under this Section 3.03Section.

Appears in 2 contracts

Samples: Employee Transition Agreement (Visteon Corp), Employee Transition Agreement (Visteon Corp)

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Ability to Substitute. If necessary to preserve for each Party the economic benefits bargained for under this Attachment, the Parties agree to consider, in good faith, alternate alternative methods of computing payments under this Section 3.03 Attachment A as a substitute for the present provisions. Any method substituted shall have as its objective to produce a fair estimate of the pension and OPEB expense and other payments as set forth in this Section 3.03. The Parties may agree to substitute an alternative method of computing reimbursement under this Section 3.03.Attachment A.

Appears in 1 contract

Samples: Hourly Employee Assignment Agreement (Visteon Corp)

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