Examples of UMWA Retirees in a sentence
If federal legislation providing retirement health benefits to the UMWA Retirees has not been enacted, or if moneys under such legislation have not become available for such benefits, before August 1, 2017, on August 1, 2017, the Obligor Companies shall transfer or cause to be transferred to the VEBA a 7-year 5.0% unsecured note with face value of $8.75 million.
If federal legislation providing retirement health benefits to the UMWA Retirees has not been enacted, or if moneys under such legislation have not become available for such benefits, before December 1, 2017, on December 1, 2017, the Obligor Companies shall transfer or cause to be transferred to the VEBA an additional 7-year 5.O% unsecured note with face value of $8.75 million.
Notwithstanding the foregoing, in order to prevent any gap in benefits, in the event that the Trustees of the VEBA certify in writing to the Obligor Companies that the VEBA’s assets available to provide benefits to the UMWA Retirees are inadequate for the VEBA’s immediate cash requirements, the amounts payable pursuant to this paragraph shall become payable up to 60 days prior to the dates they would otherwise be due, as determined by the Trustees in their absolute discretion.
Alpha shall continue to maintain the NBCWA Plan to cover all claims incurred by UMWA Retirees (including any subsequent runout) through and including the later of July 31, 2016 or the Effective Date.
The Settlement with Peabody Energy Corporation, and the UMWA, on Behalf of Itself and in Its Capacity as Authorized Representative of the UMWA Employees and UMWA Retirees [Mo. Bankr.
Nothing contained in this Settlement Agreement, including Peabody’s payment obligations under Section 3 of this Settlement Agreement, shall create any third party beneficiary rights in any other person, it being understood that the VEBA, the UMWA Retirees and any employees or former employees represented by the UMWA as parties to this Settlement Agreement shall not be considered third party beneficiaries of this Settlement Agreement.
Xxxxxxx’x entry into this Settlement Agreement shall not make Peabody a party to any collective bargaining agreement with the UMWA, the UMWA Employees, the UMWA Retirees, the VEBA or any UMWA represented employee or create any collective bargaining relationship between Peabody and the UMWA, the UMWA Employees, the UMWA Retirees, the VEBA or any employees represented by the UMWA for any purpose under the National Labor Relations Act, the Labor Management Relations Act or any other labor and employment laws.
The UMWA represents to all other Parties that it is authorized to execute and deliver this Settlement Agreement and perform its obligations hereunder, on behalf of itself and on behalf of the UMWA Employees and the UMWA Retirees as their authorized representative to the fullest extent permitted by law.