VEBA Trusts definition

VEBA Trusts means, individually or collectively as the context may require, (i) the trust that provides benefits for certain eligible retirees of Xxxxxx Aluminum & Chemical Corporation represented by the USW, the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America and its Local 1186, the International Association of Machinists and Aerospace Workers, the International Chemical Workers Union Council of the United Food and Commercial Workers, and the Paper, Allied-Industrial, Chemical and Energy Workers International Union, AFL-CIO, CLC and their surviving spouses and eligible dependents and (ii) the trust that provides benefits to certain other eligible retirees and their surviving spouses and eligible dependents of Xxxxxx Aluminum & Chemical Corporation who were salaried employees.
Sample 1Sample 2Sample 3
VEBA Trusts means the Union VEBA Trust (as defined in the Reorganization Plan) and the Retired Salaried Employees VEBA Trust (as defined in the Reorganization Plan).
Sample 1Sample 2Sample 3
VEBA Trusts means, individually or collectively as the context may require, (i) the trust that provides benefits for certain eligible retirees of Kaiser Aluminum & Chemical Corporation represented by the USW, the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America and its Local 1186, the International Association of Machinists and
Sample 1

Examples of VEBA Trusts in a sentence

  • The Plan is a defined contribution health model plan that is funded through employer and employee Voluntary Employees' Beneficiary Association (VEBA) Trusts designed in part by Emeriti Retirement Health Solutions, a not-for-profit company.

  • Käesolevaga kinnitame ainuvastutusel, et nimetatud toode [🞂 21] ei sisalda ftalaate ega bisfenooli A (BPA).

  • The Public Sector groups are generally comprised of 1) Governmental Entities with 500 or more eligible employees; and 2) Labor and Trust Enrolling Units that are stand-alone unions purchasing benefits on behalf of its members, Multi-Employer Taft- Hartley Trust Funds, or VEBA Trusts with 100 or more total eligible employees.

  • Proposal Rejection: The VEBA Trust reserves the right to reject any or all proposals, the right in its sole discretion to accept the proposal which it considers most favorable to the VEBA Trust's interest, and the right to waive minor irregularities in the procedures.

  • Therefore, the limit for VEBA Trust's qualified asset account should be adjusted downward to $73,875.

  • The Committee and the New Chrysler VEBA Plan's third party administrator will review the benefits paid during the transition period and determine the dollar amount of mispayments made, subject to the review of the VEBA Trust's independent auditor.

  • VEBA Trusts are ordinarily subject to tax (at trust rates) on the trust’s unrelated business income.

  • As soon as administratively practicable following the Distribution Date, the NiSource Parties shall cause the trustees of the NiSource Post-65 Retiree Medical VEBA Trusts to transfer to the Columbia Post-65 Retiree Medical VEBA Trusts the assets that are credited to each of the subaccounts thereunder that relate to the Business Employees.

  • Customer authorizes Provider to conduct a credit check to evaluate Customer's financial condition and ability to timely pay the financial obligations set forth in this Agreement.

  • Single Employer Welfare Benefit Plan Trustduties, the court ordered restitution and disgorgement to the plans invested in the VEBA Trusts and SWEPB Trusts.


More Definitions of VEBA Trusts

VEBA Trusts means, individually or collectively as the context may require, (i) the trust that provides benefits for certain eligible retirees of Xxxxxx Aluminum & Chemical Corporation represented by certain unions and their surviving spouses and eligible dependents and (ii) the trust that provides benefits to certain other eligible retirees and their surviving spouses and eligible dependents of Xxxxxx Aluminum & Chemical Corporation who were salaried employees.
Sample 1

Related to VEBA Trusts

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.

  • Plan Trust means the trust governed by the Plan.

  • the Trusts means the Macfarlane Trust, the Macfarlane (Special Payments) Trust and the Macfarlane (Special Payments) (No. 2) Trust;

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidating Trustee has the meaning set forth in Section 6.2(a).

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Administrative Plans means investment plans offered by the Management Company and approved by the Commission, where such plans allow investors a specific investment strategy in any one or a combination of Schemes managed by the Management Company in accordance with the conditions specified by SECP.

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.