Forfeitures for Buyout Group. Beginning August 1, 2017, the Buyout Group VEBA account forfeitures, including any Board contributions and all assets, which have been or will be forfeited after July 1, 2016, will be reviewed annually no later than August 30th and if the forfeiture account balance is more than two thousand five hundred dollars ($2,500.00), the Buyout Group VEBA forfeiture account will be redistributed equally to actively employed members of the Buyout Group on or before September 15th of each year.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
