Common use of Establishment of VEBA Clause in Contracts

Establishment of VEBA. The school district shall make available a VEBA Plan and Trust to all eligible retirees. Employer and employees assent to and ratify the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 501(c) (9) of the Internal Revenue Code.

Establishment of VEBA. The school district District shall make available a VEBA Plan and Trust to all qualified employees and eligible retirees. Employer and The employees assent shall be part of the group which is made up of all bargaining units in the District to and ratify determine the appointment of the trustee and plan administrator for the VEBA Plan and Trust. It is intended that this arrangement constitute a voluntary employees’ beneficiary association under Section 501(c) (9) of the Internal Revenue Code.