Common use of Plan Design Technical Requirements and Objectives Clause in Contracts

Plan Design Technical Requirements and Objectives. The Plan and the related Trust shall be designed and administered as a “voluntary employees’ beneficiary association” (“VEBA”), tax-exempt under Section 501(c)(9) of the Code and regulations thereunder. The Plan shall be a medical expense reimbursement plan qualified under Section 105 of the Code and, by, providing that ALPA contributions shall be used exclusively to reimburse qualifying medical expenses, shall ensure that ALPA contributions will be excludible from participants’ taxable income under Section 106 of the Code. The Plan shall be structured as a retiree-only plan, not subject to the insurance reform provisions of the Patient Protection and Affordable Care Act of 2010. Within the time permitted under applicable regulations, ALPA will file with the Internal Revenue Service an appropriate application for recognition of tax exemption. In the event a subtrust is created in the existing RHP VEBA, no application for recognition of tax exemption shall be made. Unit 1 shall be entitled fully to participate in the application process.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Plan Design Technical Requirements and Objectives. The Plan and the related Trust shall be designed and administered as a “voluntary employees’ beneficiary association” (“VEBA”), tax-exempt under Section 501(c)(9) of the Code and regulations thereunderthereunder . The Plan shall be a medical expense reimbursement plan qualified under Section 105 of the Code and, by, providing that ALPA contributions shall be used exclusively to reimburse qualifying medical expenses, shall ensure that ALPA contributions will be excludible from participants’ taxable income under Section 106 of the CodeCode . The Plan shall be structured as a retiree-only plan, not subject to the insurance reform provisions of the Patient Protection and Affordable Care Act of 20102010 . Within the time permitted under applicable regulations, ALPA will file with the Internal Revenue Service an appropriate application for recognition of tax exemptionexemption . In the event a subtrust is created in the existing RHP VEBA, no application for recognition of tax exemption shall be mademade . Unit 1 2 shall be entitled fully to participate in the application processprocess .

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Plan Design Technical Requirements and Objectives. The Plan and the related Trust shall be designed and administered as a “voluntary volun- tary employees’ beneficiary association” (“VEBA”), tax-exempt under Section 501(c)(9) of the Code and regulations thereunder. The Plan shall be a medical expense reimbursement plan qualified quali- fied under Section 105 of the Code and, by, providing that ALPA contributions shall be used exclusively to reimburse qualifying medical expenses, shall ensure that ALPA contributions will be excludible from participants’ taxable income under Section 106 of the Code. The Plan shall be structured as a retiree-only plan, not subject to the insurance reform provisions of the Patient Protection Pro- tection and Affordable Care Act of 2010. Within the time permitted permit- xxx under applicable regulations, ALPA will file with the Internal Revenue Service an appropriate application for recognition of tax exemption. In the event a subtrust is created in the existing RHP VEBA, no application for recognition of tax exemption shall be made. Unit 1 shall be entitled fully to participate in the application applica- tion process.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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