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.
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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).
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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
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Examples of VEBA Trusts in a sentence

  • 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.

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

  • Effective on or before the Distribution Date, Columbia shall adopt, establish and maintain Columbia Life and Medical VEBA Trusts and Columbia Post-65 Retiree Medical VEBA Trusts that in each case shall be substantially similar to the NiSource Life and Medical VEBA Trusts and NiSource Post-65 Retiree Medical VEBA Trusts, as applicable, and are intended to be qualified under section 501(c)(9) of the Code.

  • 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.

  • 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.

  • Certain Voluntary Employees’ Benefits Association (VEBA) Trusts; Transfers of Compensatory Stock Options to Related Persons; Lease Strips; §461(f) Contested Liabilities; Abusive Foreign Tax Credit Transactions; and Sale-in Lease Out (SILO) Transactions.13 To be more precise, Listed Transactions are a special class of Reportable Transactions.

  • Over the past few years Navistar has received over $120 million in Medicare subsidies that Navistar took to its corporate profits rather than push through the Shy Plan VEBA Trusts that would have reduced the Plan’s costs and thereby the retirees’ monthly premiums.

  • No Payments to COBRA, Trusts, VEBA Trusts or HSAs Should Be ReportedThis project is designed to capture data on school district payments to:▪ Medical carriers (including Public Employees Benefits Board (PEBB), which for the purposes of this project is deemed a carrier)▪ Dental carriers▪ Vision carriers▪ Brokers and advisors▪ Third party administrators▪ HCA (for the “retiree carveout”).

  • On and after the Closing Date, Buyer and its Affiliates will have full power and authority with respect to investment and disposition of assets held under any trusts (e.g., VEBA Trusts) related to the Seller Welfare Benefit Plans and Acquired Company Welfare Benefit Plans in respect of liabilities related to the Continued Employees, subject to the restrictions of such trusts.

  • Notwithstanding the foregoing, the Employer may establish one or more voluntary employees beneficiary association (VEBA) Trusts within the meaning of Code Section 501(c)(9) for the purpose of funding Benefits to be provided under this Plan.


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.
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Related to VEBA Trusts

  • Trusts shall have the meaning set forth in Section 3.02.

  • Other Trusts Means the Continental Airlines Pass Through Trust 2001-1A-1-O, the Continental Airlines Pass Through Trust 2001-1A-2-O and the Continental Airlines Pass Through Trust 2001-1B-O, created by the Other Agreements.

  • 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.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • 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.

  • VEBA means a voluntary employees' beneficiary association under IRC Section 501(c)(9).

  • Trust Agreements shall have the meanings ascribed to them in the introductory paragraph of the Authorized Participant Agreement.

  • 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."

  • Pass Through Trusts means all of such Pass Through Trusts. Pass Through Trustee. First Security Bank, National Association, a national banking association, in its capacity as Pass Through Trustee under the Pass Through Agreement and each Pass Through Trust.

  • Delaware Bank has the meaning specified in the preamble to this Trust Agreement.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • 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.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

  • NIM Trustee The trustee for the NIM Securities.

  • Class A Trust Agreement means the Basic Agreement, as supplemented by Trust Supplement No. 2015-1A thereto, dated as of the date hereof, governing the creation and administration of the American Airlines Pass Through Trust 2015-1A and the issuance of the Class A Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • 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.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Class C Trustee Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.