Delaware
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001-33466
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20-5622045
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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12312 Olive Boulevard, Suite 400
St. Louis, Missouri
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63141
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(Address of principal executive offices)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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wage reductions to levels in place on June 1, 2012;
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$0.50 per hour wage increases on the first day of each new year from 2015 to 2018;
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wage reopener in 2016 to permit wage adjustments for 2017 and 2018, subject to certain limitations;
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elimination of shift differential payments and premium overtime pay, but UMWA Employees will receive 1.5 times their regular pay for any hours worked over 40 hours per week and holidays;
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adjustments to paid time off;
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adjustments to work rules;
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UMWA Employees will receive a health care plan closely matching that of Patriot non-union employees but with lower out-of-pocket maximums and without health care premiums;
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the Obligors will contribute 3 percent of UMWA Employees’ gross wages into a 401(k) or similar plan in lieu of the obligation to provide retiree healthcare in the future; and
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the Obligors required to participate in and contribute to the UMWA 1974 Pension Plan will continue to do so.
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the Obligors will continue to provide retiree healthcare benefits to UMWA Retirees through December 31, 2013, subject to certain limitations and funding requirements;
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the UMWA has established a voluntary employees’ beneficiary association trust (the “VEBA”) which will assume the Obligor Debtors’ obligations to provide retiree benefits to the UMWA Retirees effective January 1, 2014; and
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Patriot, on behalf of itself and the Obligors, has entered into an agreement to provide certain funding to the VEBA (the “VFA”).
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establishment and funding of a litigation trust by Patriot to pursue certain claims or causes of action for, or on behalf of, Patriot and certain of its subsidiaries;
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any chapter 11 plan of reorganization filed in Patriot’s chapter 11 bankruptcy case (a “Plan”) will not conflict with or alter the New CBAs or the MOU and shall not propose or contain any involuntary release by the UMWA; and
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provided that certain requirements are met, the UMWA will support and the VEBA will not object to or vote against the confirmation of a Plan.
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PATRIOT COAL CORPORATION
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By:
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/s/ John E. Lushefski
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John E. Lushefski
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Senior Vice President & Chief Financial Officer
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