Benefit Plans – Their Summary Plan Descriptions Sample Clauses

Benefit Plans – Their Summary Plan Descriptions. On or about July 1, 2002, the Company will make available or furnish to each employee benefit plans providing group hospitalization, surgical and comprehensive medical expense benefits, dental assistance benefits, vision care benefits, and group life insurance covering the life of the employee. The contributions necessary to provide the benefits referred to in this Section will be provided by the Company, or employee, or shared by the Company and employee, as set forth in the Valero Flex Plan. Employee contributions, if any, will be made by payroll deductions and transmitted to the applicable carrier or trust each month by the Company. Employees will be provided a Summary Plan Description of each available benefit plan, the cost of the plan to the employee, and an application to enroll in the plan if the employee chooses to do so. Prior to July 1, 2002, the insurance programs under the Company’s/ Union’s agreement expiring April 30, 2002 will be continued.
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Related to Benefit Plans – Their Summary Plan Descriptions

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