Continuation of the Plan. PCC does not foresee changes to the plan, however, if insufficient bargaining unit staff participate in the 401(k) plan it will be necessary to terminate participation by the bargaining unit in the plan as of the first day of any plan year in which as a result of insufficient bargaining unit participation, the plan will lose status as a Qualified Retirement Plan under the requirements of the Internal Revenue Code. Any money contributed by staff during a plan year but before participation was terminated will be returned to staff as taxable wages or at the employee’s option transferred into another eligible retirement account provided there is no cost to PC in making the transfer. If Bargaining Unit participation is terminated, staff shall be given an opportunity to re-participate at the first reasonable opportunity as determined by PCC and the plan administrators.
Continuation of the Plan. Medical/Dental and Life Insurance benefits shall be 22 as negotiated through the County Joint Labor Management Insurance Committee which negotiates 23 with collective bargaining representatives of County employees as a group.
Continuation of the Plan. For a period of two years following a Change in Control, the Plan shall not be terminated or amended in any way (including, but not limited to, restricting or limiting any Eligible Employee's right to participate in the Plan), nor shall the manner in which the Plan is administered be changed in a way that adversely affects the level of participation or reward opportunities of any Participant; provided, however, that the Plan shall be amended as necessary to make appropriate adjustments for (a) any negative effect that the costs and expenses incurred by the Company and its Subsidiaries in connection with the Change in Control may have on the benefits payable under the Plan and (b) any changes to the Company and/or its Subsidiaries (including, but not limited to, changes in corporate structure, capitalization and increased interest expense as a result of the incurrence or assumption by the Company of acquisition indebtedness) following the Change in Control so as to preserve the reward opportunities and performance targets for comparable performance under the Plan as in effect on the date immediately prior to the Change in Control.
Continuation of the Plan. The Plan shall remain in force subject to the terms of the Collective Agreement. The Plan shall not be amended or terminated other than by the mutual written consent of the University and TUFA. The University shall be responsible to file any duly agreed amendments with the appropriate regulatory authorities. In no event, however, shall any amendment to the Plan operate to reduce the benefits which have accrued to any Member or other person entitled to benefits under the Plan prior to the date of such amendment.
Continuation of the Plan. Medical/Dental and Life Insurance benefits shall be 13 as negotiated through the County Joint Labor Management Insurance Committee which negotiates 14 with collective bargaining representatives of County employees as a group.
Continuation of the Plan. The Employer expects to continue this Plan indefinitely, but the continuation of this Plan is not assumed as a contractual obligation by the Employer, and the right is reserved to the Employer to terminate the Plan and Trust Fund, or to discontinue contributions under the Plan at any time without terminating the Trust Fund. If the Employer is a sole proprietor and dies, the Plan will automatically terminate.
Continuation of the Plan. Medical/Dental and Life Insurance benefits shall be 3 as negotiated through the County Joint Labor Management Insurance Committee which negotiates 4 with collective bargaining representatives of County employees as a group.
Continuation of the Plan. The Plan and any related agreements shall continue in effect for periods of one year thereafter for so long as such continuance is specifically approved at least annually by votes of a majority of both (a) the Trustees of the Trust and (b) the Qualified Trustees, cast in person at a meeting called for the purpose of voting on this Plan and such related agreements.
Continuation of the Plan. Medical/Dental and Life Insurance benefits shall be as negotiated through the County Joint Labor Management Insurance Committee which negotiates with collective bargaining representatives of County employees as a group.
Continuation of the Plan
