Common use of Amendment Requested by Partners Clause in Contracts

Amendment Requested by Partners. ‌ The Partners may direct the Board to amend the Pension Plan Rules, and the Board must so amend the Pension Plan Rules if: (a) the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; (b) the proposed amendment is not inconsistent with Section 11.2, the Trustees’ fiduciary responsibilities or any funding policy adopted by the Board; and (c) the proposed amendment will not result in the Pension Plan failing to be funded in accordance with the PBSA’s going-concern funding requirements.

Amendment Requested by Partners. ‌ The Partners may direct the Board to amend the Pension Plan Rules, and the Board must so amend the Pension Plan Rules if: (a) the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; (b) the proposed amendment is not inconsistent with Section 11.2, 11.2 or the Trustees’ fiduciary responsibilities or any funding policy adopted by the Boardresponsibilities; and (c) the proposed amendment will not result in the Pension Plan failing to be funded in accordance with the PBSA’s going-going concern funding requirements.requirements in Appendix C.

Amendment Requested by Partners. ‌ The Partners may direct the Board to amend the Pension Plan Rules, and the Board must so amend the Pension Plan Rules if: (a) the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; (b) the proposed amendment is not inconsistent with Section 11.2, the Trustees’ fiduciary responsibilities or any funding policy adopted by the Board; and (c) the proposed amendment will not result in the Pension Plan failing to be funded in accordance with the PBSA’s going-concern funding requirements.Appendix B.

Amendment Requested by Partners. ‌ The Partners may direct the Board to amend the Pension Plan Rules, and the Board must so amend the Pension Plan Rules if: (a) the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; (b) the proposed amendment is not inconsistent with Section 11.2, 11.2 or the Trustees’ fiduciary responsibilities or any funding policy adopted by the Boardresponsibilities; andand‌ (c) the proposed amendment will not result in the Pension Plan failing to be funded in accordance with the PBSA’s going-going concern funding requirements.

Amendment Requested by Partners. ‌ The Partners may direct the Board to amend the Pension Plan Rules, Rules and the Board must so amend the Pension Plan Rules if: (a) rules if the Partners have first received and considered the advice of the Board respecting both the cost and the administrative impact of implementing the proposed amendment; (b) , the proposed amendment is not inconsistent with Section 11.213.1, the Trustees’ ' fiduciary responsibilities or any funding policy adopted by the Board; and (c) responsibilities, and the proposed amendment will not result in the Pension Plan failing to be funded in accordance with the PBSA’s going-concern funding requirements.Appendix B.