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 Teamsters Benefit Trust Health and Welfare Trust Fund for Northern California, as amended, dated as of May 4, 1953, 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 representative insofar as the 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 the Welfare Benefit plans to which reference is made in this section, the amount and type of benefit 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 contribution plan. The Union and the Employer agree that any Health & Welfare coverage provided for in this Agreement may be changed to some other coverage (i.e. State or Federal mandated plan, or other Health & Welfare Trust Plan, etc.) at any time by agreement between the parties.

Acceptance of Trustees. Each Employer covered by this Agreement accepts the terms and provisions of the Agreement and Declaration of Trust establishing the Teamsters Benefit Trust Health and Welfare Trust Fund for Northern California, as amended, dated as of May 4, 1953, 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 representative insofar as the 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 the Welfare Benefit plans to which reference is made in this section, the amount and type of benefit 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. benefits.‌ The Union and the Employer agree that this plan is and has been a defined contribution plan. The Union and the Employer agree that any Health & Welfare coverage provided for in this Agreement may be changed to some other coverage (i.e. State or Federal mandated plan, or other Health & Welfare Trust Plan, etc.) at any time by agreement between the parties.