Common use of Disability Plans Clause in Contracts

Disability Plans. Tronox shall establish Disability Plans to the extent provided in Section 6.05. Nothing in this Agreement is intended to prohibit Tronox or any Tronox Entity from amending or terminating any Tronox Employee Benefit Plan at any time after the Close of the Distribution Date, provided that: (a) any such amendment or termination is permitted by law (including under section 411(d)(6) of the Code or section 204(g) of ERISA), (b) the Material Features of the Tronox Health Plans and Life Insurance Plans that apply to retirees (regardless of whether the retiree retires before the Close of the Distribution Date) or their spouses or dependents shall not be amended before the third anniversary of the Distribution Date, (c) any such amendment or termination complies with Tronox’s obligations to contribute to the UMWA Combined Benefit Fund and to provide Medicare Part B reimbursements as required by Sections 6.13 and 6.14, and (d) any such amendment or termination is permitted by any applicable collective bargaining agreement. Those Tronox Stock Plans as to which shareholder approval is required shall be adopted by Tronox and approved by a Xxxx-XxXxx Entity as sole shareholder of Tronox, before their effective dates.

Disability Plans. Tronox shall establish Disability Plans to the extent provided in Section 6.05. Nothing in this Agreement is intended to prohibit Tronox or any Tronox Entity from amending or terminating any Tronox Employee Benefit Plan at any time after the Close of the Distribution Date, provided that: (a) any such amendment or termination is permitted by law (including under section 411(d)(6) of the Code or section 204(g) of ERISA), (b) the Material Features of the Tronox Health Plans and Life Insurance Plans that apply to retirees (regardless of whether the retiree retires before the Close of the Distribution Date) or their spouses or dependents shall not be amended before the third anniversary of the Distribution Date, (c) any such amendment or termination complies with Tronox’s 's obligations to contribute to the UMWA Combined Benefit Fund and to provide Medicare Part B reimbursements as required by Sections 6.13 and 6.14, and (d) any such amendment or termination is permitted by any applicable collective bargaining agreement. Those Tronox Stock Plans as to which shareholder approval is required shall be adopted by Tronox and approved by a Xxxx-XxXxx Entity as sole shareholder of Tronox, before their effective dates.