Common use of HEALTH AND WELFARE AND PENSION Clause in Contracts

HEALTH AND WELFARE AND PENSION. 25.01 Effective June 20, 2005, the Company shall provide to its full-time employees the following Pepsi Co Beverages Canada insurance and pension plans to be administered in accordance with the rules and regulations of the plans which are more fully described in the plan benefit literature. By way of summary only, the Company will provide an updated summary plan description to be added as Appendix “A” on an annual basis. Any annual changes to the Pepsi Co Beverages Canada Health and Welfare or Pension Plans will be thoroughly reviewed with Pepsi Co Beverages Canada employees and UFCW Local No. 832 leadership. A joint Union/Company presentation shall be made to employees prior to their making their Long Term Disability and other option selections. All eligible employees must participate in the company provided supplementary health care plan and dental care plan (unless they can provide proof of coverage on their spouses plan).