Common use of Establishment, Purpose and Documentation Clause in Contracts

Establishment, Purpose and Documentation. Effective April 1, 2015, ALPA will establish the ALPA Retiree Health Account Plan and Trust (the “RHA VEBA”) for the purpose of reimbursing retired Staff Employees for ALPA Retiree Health premiums, Medicare Part B premiums, Medicare supplemental insurance premiums and other qualified medical expenses under Section 213(d) of the Internal Revenue Code (the “Code”). The terms and provisions of the plan and related trust shall be acceptable to Unit 1, in Plan and Trust documents which shall be incorporated into this Agreement and not be subject to amendment, modification or termination without Unit 1’s prior written consent. The Trustee shall be selected by ALPA with Unit 1’s approval, such approval to be a continuing requirement. If ALPA and Unit 1 agree, and if they determine that it is legally and administratively feasible to do so, the requirements of this paragraph may be satisfied by amendment of the Retiree Health Plan and Trust, creating a Subtrust for the purposes described herein.

Appears in 2 contracts

Samples: Agreement, Agreement

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Establishment, Purpose and Documentation. Effective April 1, 2015, ALPA will establish the ALPA Retiree Health Account Plan and Trust (the “RHA VEBA”) for the purpose of reimbursing retired Staff Employees employees for ALPA Retiree Health premiums, Medicare Part B premiums, Medicare supplemental insurance premiums and other qualified medical expenses under Section 213(d) of the Internal Revenue Code (the “Code”). The terms and provisions of the plan and related trust shall be acceptable to Unit 12, in Plan and Trust documents which shall be incorporated into this Agreement and not be subject to amendment, modification or termination without Unit 12’s prior written consent. The Trustee shall be selected by ALPA with Unit 12’s approval, such approval to be a continuing requirement. If ALPA and Unit 1 2 agree, and if they determine that it is legally and administratively feasible to do so, the requirements of this paragraph may be satisfied by amendment of the Retiree Health Plan and Trust, creating a Subtrust for the purposes described herein.

Appears in 1 contract

Samples: Agreement

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Establishment, Purpose and Documentation. Effective April 1, 2015, ALPA will establish the ALPA Retiree Health Account Plan and Trust (the “RHA VEBA”) for the purpose of reimbursing retired Staff Employees employees for ALPA Retiree Health premiums, Medicare Part B premiums, Medicare supplemental insurance premiums and other qualified medical expenses under Section 213(d) of the Internal Revenue Code (the “Code”)) . The terms and provisions of the plan and related trust shall be acceptable to Unit 12, in Plan and Trust documents which shall be incorporated into this Agreement and not be subject to amendment, modification or termination without Unit 12’s prior written consentconsent . The Trustee shall be selected by ALPA with Unit 12’s approval, such approval to be a continuing requirement. If ALPA and Unit 1 2 agree, and if they determine that it is legally and administratively feasible to do so, the requirements of this paragraph may be satisfied by amendment of the Retiree Health Plan and Trust, creating a Subtrust for the purposes described hereinherein .

Appears in 1 contract

Samples: Agreement

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