Common use of Acceptance of Trustees Clause in Contracts

Acceptance of Trustees. Each Employer covered by this Agreement accepts the terms and provisions of the Agreement and Declaration of Trust establishing the Western Conference of Teamsters Pension Trust Fund for Northern California, dated as of April 26, 1955, and agrees that the Employer Trustees named in the Agreement and Declaration of Trust and all additional and successor Employer Trustees appointed pursuant to the terms of the Agreement and Declaration of Trust, are and shall be his representatives insofar as the Pension Trust Fund is concerned. The Employer consents to be bound by the acts and determinations of the Trustees, including, without limitation, the establishment, maintenance, modification and termination of a Pension Plan, the amount and type of benefits which may be provided thereunder, the crediting of service for the purpose of determining the benefits of individual Employees, and the method of funding and paying the benefits. The Union and the Employer agree that this plan is and has been a defined benefit plan. During the term of this Agreement, the parties agree that because the Trustees of the Fund will rely on execution of this Agreement to restore or not to reduce benefits to Retiring Employees, this Section 4(J), Pension, may not be modified, terminated or rescinded by the parties, directly or indirectly, without the express written consent of the Trustees.