Examples of Company VEBA in a sentence
No amount, or any asset of any Company Plan or Company VEBA, is subject to tax as unrelated business taxable income.
A portion of the Plan's investment assets are held in Master Trusts established by the Companies and consists of an undivided interest in an investment account of the Alabama Power Company VEBA Master Trust, the Mississippi Power Company VEBA Master Trust, and the Gulf Power Company VEBA Master Trust (the "Master Trusts").
The Company, with respect to all Company Plans, Company Other Benefits Obligations, and Company VEBAs, are, and each Company Plan, Company Other Benefit Obligation, and Company VEBA is, in full compliance with ERISA, the Internal Revenue Code, and other applicable law including the provisions of such law expressly mentioned in this Section, and with any applicable collective bargaining agreement.
The trustees of these trusts are Hancock Bank for the Mississippi Power Company VEBA Master Trust and The Bank of New York Mellon for the remaining trusts.
Since the formation of the Company, there has been no establishment or amendment of any Company Plan, Company VEBA, or Company Other Benefit Obligation.