New VEBA definition

New VEBA means the trust fund established pursuant to the Settlement Agreement. “Non-Assignable Assets” has the meaning set forth in Section 2.4(a).
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New VEBA means a new trust fund to be established as described in Section 4 of this Settlement Agreement.
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New VEBA means the UAW Retiree Medical Benefits Trust that was established pursuant to the Chrysler Retiree Settlement and is further described in Section 4 of this Settlement Agreement.
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Examples of New VEBA in a sentence

  • The funding and operation of the Institute shall be separate, independent and distinct from the New Plan and the New VEBA.

  • The ability of the New Plan and the New VEBA to pay for Retiree Medical Benefits will depend on numerous factors, many of which are outside of the control of UAW, the Committee, the New Plan and the New VEBA, including, without limitation, the investment returns, actuarial experience and other factors.

  • However, in no event may the Committee amend the New Plan or New VEBA to provide benefits other than Retiree Medical Benefits until the expiration of the Initial Accounting Period.

  • It will be the responsibility of the Committee and the New VEBA to audit the eligibility for, and payment of, the Special Benefit.

  • All assets transferred or contributed to the New VEBA shall be free and clear of any liens, claims or other encumbrances.


More Definitions of New VEBA

New VEBA has the meaning set forth in the Settlement Agreement.
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New VEBA means the UAW Retiree Medical Benefits Trust, a voluntary employees’ beneficiary association trust.
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New VEBA means the new trust fund to be established pursuant to the SettlementAgreement.
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New VEBA means the trust fund established pursuant to the Settlement Agreement.
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New VEBA means the UAW Retiree Medical Benefits Trust, a voluntary employees' beneficiary association trust.
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New VEBA means a new trust fund to be established effective on the Implementation Date pursuant to this MOU and the Final Settlement Documentation. Such trust fund shall be qualified as a Voluntary Employee Beneficiary Association by the Internal Revenue Service under Section 501(c)(9) of the Internal Revenue Code and, if applicable, meet the requirements of Section 302(c)(5) of the Labor Management Relations Act, 29 U.S.C. Section 186(c)(5).
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New VEBA shall have the meaning set forth in the Preamble.
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