IMPARTIAL ARBITRATOR. On discharge and suspension cases only, an impartial arbitrator will sit as a fifth (5th) or seventh (7th) Panel member and shall render a bench decision on all deadlocked cases. The Co-Chairs shall choose a panel of four (4) arbitrators, one (1) of whom shall be present at each Committee meeting. However, the present arbitrator(s) who is being replaced will remain as a fifth (5th) or seventh (7th) panel member until a replacement is designated by the Co-Chairs. Teamsters Local 804 and United Parcel Service Inc. agree: 1. Upon ratification of this Agreement the pension benefit will be restored to the benefit that was in effect on December 31, 2006. The Company’s share of the contribution requirement shall be paid in a lump sum on an annual basis for the purpose of restoring the bene- fit. 2. The additional fifteen (15) minutes after eight and one-half (8 1/2) hours referenced in Article 5, Section 1(b) of the Local 804 Supplement will be restored to all eligible full-time employees not then receiving it after the date the Local 804 IBT and Local 447 IAM-UPS Multi-Employer Retirement Plan is no longer in “endan- gered status” (as defined in ERISA Section 305(b)(1)) or in “criti- cal status” (as defined in ERISA Section 305 (b)(2)).
Appears in 4 contracts
Samples: Supplemental Agreement, Supplemental Agreement, Supplemental Agreement
