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Agreement - Teamsters Local 399

Agreement - Teamsters Local 399

Agreement - Teamsters Local 399

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Leo Reed<br />

As of August 1, 1997; Revised as of August 1, 2004;<br />

Revised as of August 1,2007; Revised as of August 1,2012<br />

Page 2<br />

If, in the future, such monies (but as to Supplemental Markets monies, only those in excess of<br />

the amounts needed to maintain benefits under the Active Employees Fund and a six (6) month<br />

reserve) are not sufficient to fund these benefit increases, then the continued funding of such<br />

increases shall be provided by Post '60s monies in excess of the amount needed to maintain the<br />

level of reserves in the Retired Employees Fund at eight (8) months and in the Active Employees<br />

Fund at six (6) months.<br />

In any event, it is understood that no additional contributions shall be required of the Producers to<br />

fund the increased benefits described in Article 12(f)(1) of the 2001, 2004 and 2007<br />

Producer-Studio Transportation Drivers, <strong>Local</strong> #<strong>399</strong> <strong>Agreement</strong>s and in Article 12(f) of the 2009<br />

and 2012 Producer-Studio Transportation Drivers, <strong>Local</strong> #<strong>399</strong> <strong>Agreement</strong>s.<br />

Please signify your concurrence with the foregoing by executing this letter in the space reserved<br />

for your signature and returning same to me.<br />

Sincerely,<br />

ACCEPTED AND AGREED:<br />

Secretary-Treasurer<br />

SIDELETTER NO. 11 <br />

- 245 ­

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