By the Trustees. This Agreement and Declaration of Trust may be terminated by an instrument in writing, executed by the Trustees upon the happening of any one or more of the following events: (a) If the Trust Fund is in the opinion of the Trustees, inadequate to carry out the intent and purpose of this Trust Agreement, or is inadequate to meet the payments due or to become due under this Trust Agreement and under the Plan of Pension Benefits to Employees and Beneficiaries; (b) If there are no individuals living who can qualify as Employees or Beneficiaries hereunder; (c) When the Trustees determine in their discretion that there is no longer in force and effect a substantial number of Collective Bargaining Agreements or signed stipulations requiring contributions to the Pension Trust Fund.
Appears in 3 contracts
Samples: Restated Agreement and Declaration of Trust, Restated Agreement and Declaration of Trust, Restated Agreement and Declaration of Trust
