Common use of Costs of Pre-Retirement Program Clause in Contracts

Costs of Pre-Retirement Program. Delphi agrees to continue to provide monthly wage payments and active employment benefits to PRP participants pursuant to the USW MOU – Home Avenue. Delphi shall provide such PRP participants active health care as described in Section E.12 of the USW MOU – Home Avenue. GM shall have no obligation to reimburse Delphi for providing this level of active health care to the USW PRP participants.

Appears in 3 contracts

Samples: Global Settlement Agreement (General Motors Corp), Settlement Agreement, Master Restructuring Agreement

AutoNDA by SimpleDocs

Costs of Pre-Retirement Program. Delphi agrees to continue to provide monthly wage payments and active employment benefits to PRP participants pursuant to the USW MOU Home Avenue. Delphi shall provide such PRP participants active health care as described in Section E.12 of the USW MOU Home Avenue. GM shall have no obligation to reimburse Delphi for providing this level of active health care to the USW PRP participants.

Appears in 2 contracts

Samples: Global Settlement Agreement (General Motors Corp), Global Settlement Agreement (Delphi Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!