Common use of Establish and Maintain Clause in Contracts

Establish and Maintain. The EBA, acting through the Committee, shall establish and maintain the New Plan for the purpose of providing Retiree Medical Benefits to the Class and the Covered Group as set forth in this Settlement Agreement. The Committee shall begin administering the New Plan so as to be able to provide Retiree Medical Benefits for the Class and the Covered Group with respect to claims incurred after the Implementation Date. The New VEBA was established on October 16, 2008. The New Plan shall be ERISA-covered and the New VEBA shall meet the requirements of Section 501(c)(9) of the Code. All payments to the New Plan and the New VEBA made or caused to be made by Ford under the Settlement Agreement are payments pursuant to section 302(c)(2) of the Labor Management Relations Xxx, 0000, as amended ("LMRA"), 29 U.S.C. 186(c)(2).

Appears in 2 contracts

Samples: Settlement Agreement (Ford Motor Co), Settlement Agreement

AutoNDA by SimpleDocs

Establish and Maintain. The EBA, acting through the Committee, shall establish and maintain the New Plan for the purpose of providing Retiree Medical Benefits to the Class and the Covered Group as set forth in this Settlement Agreement. The Committee shall begin administering the New Plan so as to be able to provide Retiree Medical Benefits for the Class and the Covered Group with respect to claims incurred after the Implementation Date. The Committee established the New VEBA was established on October 16, 2008. The New Plan shall be ERISA-ERISA- covered and the New VEBA shall meet the requirements of Section 501(c)(9) of the Internal Revenue Code. All payments to the New Plan and the New VEBA made or caused to be made by Ford [New Co] under the Settlement Agreement are payments pursuant to section 302(c)(2) of the Labor Management Relations XxxAct, 00001947, as amended ("LMRA")amended, 29 U.S.C. 186(c)(2).

Appears in 1 contract

Samples: Settlement Agreement

AutoNDA by SimpleDocs

Establish and Maintain. The EBA, acting through the Committee, shall establish and maintain the New Plan for the purpose of providing Retiree Medical Benefits to the Class and the Covered Group as set forth in this Settlement Agreement. The Committee shall begin administering the New Plan so as to be able to provide Retiree Medical Benefits for the Class and the Covered Group with respect to claims incurred after the Implementation Date. The Committee established the New VEBA was established on October 16, 2008. The New Plan shall be ERISA-covered and the New VEBA shall meet the requirements of Section 501(c)(9) of the Internal Revenue Code. All payments to the New Plan and the New VEBA made or caused to be made by Ford New Co under the Settlement Agreement are payments pursuant to section 302(c)(2) of the Labor Management Relations XxxAct, 00001947, as amended ("LMRA")amended, 29 U.S.C. 186(c)(2).

Appears in 1 contract

Samples: Settlement Agreement (General Motors Co)

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