VEBA Benefit definition

VEBA Benefit means any non-cash benefit or gain recorded in the income statement of the Borrowers related to the VEBA Trusts.
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VEBA Benefit means any non-cash benefit or gain recorded in the income statement of the Borrowers related to the VEBA Trusts. “VEBA Expense” means any non-cash expense recorded in the income statement of the Borrowers related to the VEBA Trusts.
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Examples of VEBA Benefit in a sentence

  • The funding of the VEBA Benefit shall be derived from the diversion of $100.60 per month from each contribution paid on behalf of each active employee, Employer contributions, earned income on reserve investments, and the transfer of present retiree reserves into the VEBA account.

  • The funding of the VEBA Benefit shall be derived from the diversion from each contribution paid on behalf of each active employee as determined by the Area Co-Chairs, Employer contributions set forth in Section 1 (a) above earned income on reserve investments and the transfer of present retiree reserves into the VEBA account.

  • The funding of the VEBA Benefit shall be derived from the diversion of $100.60 per month from each contribution paid on behalf of each active employee, Em- ployer contributions, earned income on reserve investments, and the transfer of present retiree reserves into the VEBA account.

Related to VEBA Benefit

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Accrued Benefit have the meanings specified in ERISA.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.