Common use of Amendment and Duration Clause in Contracts

Amendment and Duration. With respect to the Retirement Plan executed between the International Brotherhood of Electrical Workers, Local Union 1245, and the Sacramento Regional Transit District, on September 16, 1976; and amended and restated through March 31, 2018: a. Except by mutual agreement between the International Brotherhood of Electrical Workers, Local Union 1245, and the District, this Plan shall not be subject to reopening for amendments or changes to become effective prior to April 1, 2018. b. Should either party desire to amend or change said Retirement Plan, or any portion thereof, such party shall notify the other party in writing not later than January 1, 2018 or by January 1st of any following year. c. If such notice is given by one or both parties, a meeting shall be arranged between the parties and a representative of the firm of actuaries retained by the Retirement Board for the purpose of instructing said actuaries to report in writing by March 1, 2018 on the feasibility and approximate costs (without extensive actuarial studies) of any amendments or changes that might later be requested by the parties. d. Attached hereto and made part of this Agreement is Appendix A, RT/IBEW 1245, Retirement Plan.

Amendment and Duration. With respect to the Retirement Plan executed between the International Brotherhood of Electrical Workers, Local Union 1245, and the Sacramento Regional Transit District, on September 16, 1976; and amended and restated through March October 31, 20182009: a. Except by mutual agreement between the International Brotherhood of Electrical Workers, Local Union 1245, and the District, this Plan shall not be subject to reopening for amendments or changes to become effective prior to April November 1, 20182009. b. Should either party desire to amend or change said Retirement Plan, or any portion thereof, such party shall notify the other party in writing not later than January August 1, 2018 2009 or by January August 1st of any following year. c. If such notice is given by one or both parties, a meeting shall be arranged between the parties and a representative of the firm of actuaries retained by the Retirement Board for the purpose of instructing said actuaries to report in writing by March 1, 2018 September 1st on the feasibility and approximate costs (without extensive actuarial studies) of any amendments or changes that might later be requested by the parties. d. Attached hereto and made part of this Agreement is Appendix A, RT/IBEW 1245, Retirement Plan.