Summary Plan Descriptions and Plan Amendments and Changes Sample Clauses

Summary Plan Descriptions and Plan Amendments and Changes. The Company will continue to provide Summary Plan Descriptions for the Entergy Employee Benefit Plans through the term of this Agreement, to the extent required by law. The actual benefits and eligibility for participation in the Entergy Employee Benefit Plans shall be set forth in the applicable formal Plan documents, Summary Plan Descriptions and Summaries of Material Modifications, as those documents are amended and restated from time to time, which shall control as to terms and conditions, eligibility, and benefits to be provided. For the term of this Agreement, the Company may, without reopening or amending this Agreement and without the Union’s consent, amend the Entergy Employee Benefit Plans or otherwise modify any of the benefits or other terms and conditions as set forth in the applicable Plan documents, Summary Plan Descriptions and Summaries of Material Modifications if such amendments or modifications are required by law or, in the case of the tax- qualified plans, to maintain tax-qualified status. Where this Agreement includes express terms covering any subject addressed in the Summary Plan Description or Summaries of Material Modifications, this Agreement shall govern as to any conflict. The Company reserves the right to change the vendors that provide, insure, or administer the benefits provided under the Entergy Employee Benefit Plans, and to amend or make changes to the administrative provisions of the Entergy Employee Benefit Plans without reopening or amending this Agreement and without the consent of the Union provided the benefits under the applicable Entergy Employee Benefit Plan remain substantially equivalent to the benefits described in the plan documents prior to the amendment.
AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!