Common use of Distribution on Termination Clause in Contracts

Distribution on Termination. In the event this Trust or any Plan is terminated or partially terminated, the Trustees are authorized and empowered to dispose of the Trust assets attributable to the terminated Plan (or portion thereof) in accordance with any plan, purpose or method conforming to the purposes of the Employee Retirement Income Security Act of 1974 and the objective of this Agreement, including but not limited transferring such funds to another employee benefit plan providing for similar benefits.

Appears in 4 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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