Examples of Plan Transition Date in a sentence
The Obligor Companies will continue to honor valid healthcare charges for UMWA Retirees for services and treatment provided prior to the Plan Transition Date in accordance with their terms (“Unreported Charges”).
The Trust would be the exclusive vehicle to fund and administer all healthcare costs incurred by UMWA Retirees on or after the Plan Transition Date.
If the UMWA does not consent to the Funding Mechanism, the Plan Transition Date will remain July 1, 2013 as set forth in the Fourth Proposal.
With the extension of the Plan Transition Date to January 1, 2014, Patriot believes the UMWA will have ample opportunity, with Patriot’s assistance or otherwise, to pursue monetization opportunities for the equity stake and achieve a cash contribution worth hundreds of millions of dollars for the VEBA.
The Company shall establish a qualified defined contribution plan (the “Company Savings Plan”), effective as of the Plan Transition Date.