Common use of Establishment of VEBA Clause in Contracts

Establishment of VEBA. Employer shall make available a VEBA Plan and Trust described in summary and attached hereto as VEBA Attachment #1, to all qualified bargaining unit members who exercise their option to enroll in the high deductible health insurance program offered in Section 4, Subdivision 2 of this Article. Employer and employees assent to and ratify the appointment of the trustee and plan administrator for the VEBA plan and Trust Identified in VEBA Attachment #1. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 501 (c) (9) of the Internal Revenue Code. This plan year will begin on January 1, and end on December 31 of each year.

Establishment of VEBA. Employer shall make available a VEBA Plan and Trust described in summary and attached hereto as VEBA Attachment #1, to all qualified bargaining unit members who exercise their option to enroll in the high deductible health insurance program offered in Section 4, Subdivision 2 of this Article. Employer and employees supervisor’s assent to and ratify the appointment of the trustee and plan administrator for the VEBA plan and Trust Identified identified in VEBA Attachment #1. It is intended that this arrangement constitute constitutes a voluntary employees’ supervisor’s beneficiary association under Section 501 (( c) (9) of the Internal Revenue Code. This plan year will begin on January 1, 1 and end on December 31 of each year.