Sequencing of Initial Deposits to the New VEBA and Termination of Existing External VEBA, the LLC and TAA Sample Clauses

Sequencing of Initial Deposits to the New VEBA and Termination of Existing External VEBA, the LLC and TAA. The initial deposits to the New VEBA shall be made and credited to the Ford Separate Retiree Account, and the Existing External VEBA and TAA shall be terminated, as provided below. A. Deposit No. 1. Within 30 days of the Initial Effective Date or the establishment of the New VEBA, whichever is later, Ford shall cause a transfer of $1 million from the TAA to the New VEBA. Thereafter, and until the Implementation Date, within 30 days of any request by the Committee, Ford shall cause the transfer of such additional amounts as the Committee shall request, provided that there shall be no more than five such requests prior to the Implementation Date and the aggregate of all such transfers, including the initial payment, shall not exceed $20 million. Such amounts shall represent an advance to the New VEBA to cover reasonable and necessary preparatory expenses incurred by the New Plan or the New VEBA in anticipation of the transition of responsibility for Retiree Medical Benefits as of the day following the Implementation Date as set forth in Section 5 of this Settlement Agreement. These advance payments shall not increase or add to the amounts Ford has agreed to pay under this Settlement Agreement. 18 B.
Sample 1
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Sequencing of Initial Deposits to the New VEBA and Termination of Existing External VEBA, the LLC and TAA. The initial deposits to the New VEBA shall be made and credited to the Ford Separate Retiree Account, and the Existing External VEBA and TAA shall be terminated, as provided below.
Sample 1

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