Common use of Determination of VEBA Assets Clause in Contracts

Determination of VEBA Assets. As soon as reasonably practicable after the Distribution Date, Duke Energy shall cause the Duke Energy Actuary to determine for the Duke Energy VEBA the total benefit Liabilities as of the Distribution Date for all participants in plans covered by the Duke Energy VEBA using the actuarial assumptions set forth in Schedule E attached hereto.

Appears in 4 contracts

Samples: Employee Matters Agreement (Duke Energy CORP), Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Spectra Energy Corp.)

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