Common use of Alternate Distribution Clause in Contracts

Alternate Distribution. In lieu of the distribution set forth in section 2 of this Article VI, upon the written request of the Michigan Teamsters Joint Council No. 43 and approval of a majority of the Trustees, the Trustees shall, after all obligations of the Trust have been satisfied or actuarially secured, turn over any remaining assets of the Trust to any future welfare benefit trust fund that may be created by the Michigan Teamsters Joint Council No. 43 and Employers through collective bargaining agreements.

Alternate Distribution. In lieu Inlieu of the distribution set forth thedistribution setforth in section 2 of this Article VI, upon the written request of the Michigan Teamsters Joint Council No. 43 and approval of a majority of the Trustees, the Trustees shall, after all obligations of the Trust have been satisfied or actuarially secured, turn over any remaining assets turnoveranyremainingassets of the Trust to any future welfare benefit trust fund that Trusttoanyfuturewelfarebenefit trustfundthat may be created by the Michigan Teamsters Joint Council No. 43 and Employers through collective bargaining agreementsbargainingagreements.