Common use of Savings Bonds Clause in Contracts

Savings Bonds. The Employer hereby agrees to participate in the Teamsters National 401(k) Savings Plan (the “Plan”) on behalf of all employees represented for purposes of collective bargaining under this Agreement. The Employer is not required to participate in the Teamsters National 401(k) if Teamsters employees were eligible to participate in an Employer sponsored 401(k) as of January 1, 1998. The Employer will make or cause to be made payroll deductions from participating employees’ wages, in accordance with each employee’s salary deferral election subject to compliance with ERISA and the relevant tax code provisions. The Employer will forward withheld sum to State Street Bank or its successor at such time, in such form and manner as required pursuant to the Plan and Declaration of Trust (the “Trust”). The Employer will execute a Participation Agreement with the National Union Committee and the Trustees of the Plan evidencing Employer participation in the Plan effective prior to any employee deferral being received by the Plan.

Savings Bonds. The Employer hereby agrees to participate in the Teamsters National 401(k40 I (k) Savings Plan (the “"Plan”") on behalf of all employees represented for purposes of collective bargaining under this Agreement. The Employer is not required to participate in the Teamsters National 401(k40 I(k) if Teamsters employees were eligible to participate in an Employer sponsored 401(k40 I(k) as of January 1I, 1998. The Employer will make or cause to be made payroll deductions from participating employees’ ' wages, in accordance with each employee’s 's salary deferral election subject to compliance with ERISA and the relevant tax code provisions. The Employer will forward the withheld sum to State Street Bank or its successor at such time, in such form and manner as required pursuant to the Plan and Declaration of Trust (the “"Trust”"). The Employer will execute a Participation Agreement with the National Union Committee and the Trustees of the Plan evidencing evi- dencing Employer participation in the Plan effective prior to any employee deferral being received by the Plan.

Savings Bonds. The Employer hereby agrees to participate in the Teamsters National 401(k) Savings Plan (the “Plan”) on behalf of all employees represented for purposes of collective bargaining under this Agreementagreement. The Employer is not required to participate in the Teamsters National 401(k) if Teamsters Teamster employees were eligible to participate in an Employer sponsored 401(k) as of January 1, 1998. The Employer will make or cause to be made payroll deductions from participating employees’ wages, in accordance with each employee’s salary deferral election subject to compliance with ERISA and the relevant tax code provisions. The Employer will forward withheld sum to State Street Bank or its successor at such time, in such form and manner as required pursuant to the Plan and Declaration of Trust (the “Trust”). The Employer will execute a Participation Agreement with the designated National Union Negotiating Committee and the Trustees of the Plan evidencing Employer participation in the Plan effective prior to any employee deferral being received by the Plan.

Savings Bonds. The Employer hereby agrees to participate in the Teamsters National 401(k) Savings Plan (the “Plan”) on behalf of all employees represented for purposes of collective bargaining under this Agreementagreement. The Employer is not required to participate in the Teamsters National 401(k) if Teamsters employees were eligible to participate in an Employer sponsored 401(k) as of January 1, 1998. The Employer will make or cause to be made payroll deductions from participating employees’ employee’s wages, in accordance with each employee’s salary deferral election subject to compliance with ERISA and the relevant tax code provisions. The Employer will forward withheld sum to State Street Bank or its successor at such time, in such form and manner as required pursuant to the Plan and Declaration of Trust (the “Trust”). The Employer will execute a Participation Agreement with the National Union Committee and the Trustees of the Plan evidencing Employer participation in the Plan effective prior to any employee deferral being received by the Plan.

Savings Bonds. The Employer hereby agrees to participate in the Teamsters National 401(k) Savings Plan (the “Plan”) on behalf of all employees represented for purposes of collective bargaining under this Agreement. The Employer is not required to participate in the Teamsters National 401(k) if Teamsters employees were eligible to participate in an Employer sponsored 401(k) as of January 1, 1998. The Employer will make or cause to be made payroll deductions from participating employees’ employee’s wages, in accordance with each employee’s salary deferral election subject to compliance with ERISA and the relevant tax code provisions. The Employer will forward withheld with held sum to State Street Bank or its successor at such time, in such form and manner as required pursuant to the Plan and Declaration of Trust (the “Trust”). The Employer will execute a Participation Agreement with the National Union Committee and the Trustees of the Plan evidencing Employer participation in the Plan effective prior to any employee deferral being received by the Plan.