Discontinuance of Contributions. In the event that employer-required contributions on behalf of eligible employees are discontinued for any reason, the Employer shall notify the local union area office immediately in writing.
Discontinuance of Contributions. Whenever a Participating Company determines that it is impossible or inadvisable for it to make further contributions as provided in the Plan, the board of directors of such Participating Company may, without terminating the Trust Fund, adopt an appropriate resolution permanently discontinuing all further contributions by such Participating Company. A certified copy of such resolution shall be delivered to the Named Fiduciary, the Committee and the Trustees. Thereafter, the Named Fiduciary, the Committee and the Trustees shall continue to administer all the provisions of the Plan, which are necessary and remain in force, other than the provisions relating to contributions by such Participating Company. However, the Trust Fund shall remain in existence with respect to such Participating Company and all of the provisions of the Plan relating to the Trust Fund shall remain in force.
Discontinuance of Contributions. The complete discontinuance of Contributions to a Participant Account shall not cause that Participant Account to terminate except as defined in Section
Discontinuance of Contributions. Any Employer may at any time, by resolution of its board of directors, completely discontinue its participation in and contributions under the Plan, either completely or with respect to any specified group of its employees, and unless otherwise agreed to by the Board of Directors or the Company Representative, shall discontinue its participation and all contributions if it ceases for any reason to be a member of a controlled group of trades or businesses including the Company, within the meaning of section 414(b) or 414(c) of the Code. The Committee shall make such current or deferred distributions with respect to the Members affected by such discontinuance as it shall deem appropriate and in accordance with the Plan and applicable law, or the Committee may, subject to Section 12.2, direct that the portion of the Trust Fund allocable to such Members be transferred to a successor qualified plan or funding medium covering such Members. If such Employer completely discontinues contributions under the Plan, either by resolution of its board of directors or for any other reason, and such discontinuance is deemed a partial termination of the Plan within the meaning of section 411(d)(3) of the Code, the amounts credited to the Accounts of all affected Members (other than Members who, in connection with the discontinuance of Employer contributions, transfer employment to an Employer which continues to contribute under the Plan) shall be nonforfeitable.
Discontinuance of Contributions. Contributions under the Contract will continue with respect to the Plan unless one of the following circumstances occurs which would result in the discontinuance of such Contributions:
Discontinuance of Contributions. Contributions under this Contract can be discontinued either by the Employer or by us. If the Contract terminates or Contributions are discontinued no additional Contributions can be made and we will rely on the instructions provided by the Employer, or the Participant, if the Participant has severed from employment. All other terms and conditions of the Contract applicable to the Participant's account under this Contract will remain in effect with respect to the Participant. Amounts maintained in the Contract will continue to be subject to withdrawal charges, if any, based on the Participant's Participation Date. If the Participant has severed from employment, his or her participation under this Contract will terminate. The Participant may elect subject to the approval of the Employer and the terms of the Plan to (a) maintain, subject to our agreement, the Certificate which will continue to be owned by the Employer or Trust or (b) make a withdrawal.
Discontinuance of Contributions. The Company shall have the right, at any time, to suspend or discontinue its contributions under the Plan. Upon a complete discontinuance of contributions (within the meaning of P.R. Code Section 1165 and regulations thereunder), the Account Balance of each affected Participant shall be 100% Vested.
Discontinuance of Contributions. The Sponsoring Employer may at any time completely discontinue contributions to the Plan but continue the Plan in operation in all other respects, in which event the Trust Fund will continue to be administered until eventual full distribution of all benefits has been made to the Participants and other payees in accordance with Article 5 after their Termination of Employment for any reason. Discontinuance of contributions without an additional notice of termination from the Sponsoring Employer to the Administrator and Trustee will not constitute a termination of the Plan.
Discontinuance of Contributions. The Commission assumes no contractual obligation to continue contributions to the Plan. The Commission reserves the right at any time and for any reason to discontinue the Plan and contributions hereunder. Failure by the Commission to continue the Plan or to make contributions to the Trust shall not give rise to any liability on its part whatsoever.
Discontinuance of Contributions. In the event of a complete discontinuance by the Employer of contributions to be made by it hereunder, the accounts of all Participants shall be treated, and the rights of all Participants shall be, as if the Plan was terminated as contemplated under Section 10.2 immediately above on the effective date of such discontinuance or the date such discontinuance is deemed to have been effective, including, but not limited to, nonforfeitability of all amounts credited to the Employer Contribution Accounts of all affected Participants.
