Common use of VEBA Clause in Contracts

VEBA. The school corporation shall contribute to a voluntary employees' beneficiary association ("VEBA") as described in section 501(c)(9) of the Code, that amount representing the present value of the group health insurance benefits as calculated for all employees under Appendix G of the Master Contract 2003-2006. VALIC shall be the organization administering the VEBA and shall be the single investment vendor for the VEBA. The terms and conditions for the administration and operations of the VEBA shall be as follows:

VEBA. The school corporation School Corporation shall contribute to a voluntary employees' beneficiary association ("VEBA") ), as described in section 501(c)(950l(c)(9) of the Internal Revenue Code, that amount representing the present value of the group health insurance benefits benefits, as calculated for all employees under Appendix G of using the Master Contract 2003-2006assumptions to which the parties mutually agreed as set forth above. VALIC shall be the organization administering the VEBA and shall be the single investment vendor for the VEBA. The Additional terms and conditions for the administration and operations of the VEBA shall be as follows:

VEBA. The school corporation shall contribute to a voluntary employees' employee's beneficiary association ("VEBA") as described in section 501(c)(9) of the Code, that the amount representing calculated by Educational Services Corporation as the present value of the group individual’s health insurance benefits as calculated for all employees amount accumulated under Appendix G of the Master Contract 2003-2006. VALIC shall be the organization administering the VEBA and shall be the single investment vendor for the VEBA. The terms and conditions for the administration and operations of the VEBA shall be as follows:previous contract.

VEBA. The school corporation shall contribute to a voluntary employees' ’ beneficiary association ("“VEBA"”) as described in section 501(c)(9) of the Code, that amount representing the present value of the group health insurance benefits as calculated for all employees under Appendix G of the Master Contract 2003-2006. VALIC shall be the organization administering the VEBA and shall be the single investment vendor for the VEBA. The terms and conditions for the administration and operations of the VEBA shall be as follows:

VEBA. The school corporation School Corporation shall contribute to a voluntary employees' ’ beneficiary association ("“VEBA"”) as described in section 501(c)(9501(c)(9)of the Internal Revenue Code (the “Code”) of the Code, that amount representing the present value of the group health insurance benefits as calculated for all employees teachers under Appendix G Subsection C. A committee of the Master Contract 2003-2006. VALIC Board and the Association shall be select the organization administering the VEBA and shall be the single investment vendor for the VEBA. The School Corporation shall determine the terms and conditions for the administration and operations of the VEBA VEBA, except that the following shall be as followsapply:

VEBA. The school corporation School Corporation shall contribute to a voluntary employees' ’ beneficiary association ("“VEBA") ”), as described in section 501(c)(9) of the Internal Revenue Code, that amount representing the present value of the group health insurance benefits benefits, as calculated for all employees under using the assumptions to which the parties mutually agreed set forth in Appendix G of the Master Contract 2003-2006C attached hereto and incorporated herein. VALIC shall be the organization administering the VEBA and shall be the single investment vendor for the VEBA. The Additional terms and conditions for the administration and operations of the VEBA shall be as follows: