MERGER OF PLANS. A merger or consolidation with, or transfer of assets or liabilities to, any other plan will be permitted only if the benefit each participant would receive if the plan were terminated immediately after the merger, consolidation or transfer is not less than the benefit he would have received if the plan had terminated immediately before the merger, consolidation or transfer.
MERGER OF PLANS. Effective December 1, 1987, the Chestnut Street Exchange Fund Retirement Profit-Sharing Plan, the Independence Square Income Securities, Inc. Retirement Profit-Sharing Plan, the Temporary Investment Fund, Inc. Retirement Profit-Sharing Plan, and the Trust for Short-Term Federal Securities Retirement Profit-Sharing Plan were merged into, and their assets transferred into, the Plan.
MERGER OF PLANS. If, during the Policy Period, an Employee Benefit Plan is merged with another Employee Benefit Plan, this Liability Coverage shall continue to provide coverage for both plans, subject to all other terms and conditions of this Liability Coverage and only for so long as this Liability Coverage remains in effect as to the Named Insured. If, during the Policy Period, a Sponsored ESOP is merged with another Sponsored ESOP, this Liability Coverage shall continue to provide coverage for both plans, subject to all other terms and conditions of this Liability Coverage and only for so long as this Liability Coverage remains in effect as to the Named Insured. If, during the Policy Period, an Employee Benefit Plan or Sponsored ESOP (“Covered Plan”) is merged with another Welfare Plan or Pension Plan for which coverage is not provided under this Liability Coverage (“Uncovered Plan”), this Liability Coverage shall continue to provide coverage for only the Covered Plan, subject to all other terms and conditions of this Liability Coverage and only for so long as this Liability Coverage remains in effect as to the Named Insured, but only for Claims for Wrongful Acts which occurred prior to the date of such merger.
MERGER OF PLANS. Should any of the Columbia/HCA Retirement --------------- Plans, the HealthTrust Plan or the EPIC Plan be merged together prior to the Distribution Date, then the preceding provisions of this Section 2.2 shall apply to such merged plan(s) .
MERGER OF PLANS. EFFECTIVE DECEMBER 1, 1987, XXX XXXXXXXX XXXXXX XXXHANGE FUND RETIREMENT PROFIT-SHARING PLAN, THE INDEPENDENCE SQUARE INCOME SECURITIES, INC. RETIREMENT PROFIT-SHARING PLAN, THE TEMPORARY INVESTMENT FUND, INC. RETIREMENT PROFIT-SHARING PLAN, AND THE TRUST FOR SHORT-TERM FEDERAL SECURITIES RETIREMENT PROFIT-SHARING PLAN WERE MERGED INTO, AND THEIR ASSETS TRANSFERRED INTO, THE PLAN.
MERGER OF PLANS. 20.01 The Board of Trustees, with the consent of the Union, may enter into agreements with Trustees or administrators of other funds in order to permit such other Fund to join or merge with this Fund, provided that any such joinder or merger shall in no way diminish any benefits to which the Employees may be entitled under the Plan. The level of contribution and the use of the monies of the merged Funds shall be in the absolute discretion of the Trustees and the Trustees may provide a different level of benefits for different beneficiaries depending upon the level of contributions. Furthermore, on an ongoing basis, Trustees may modify the level of benefits on an ongoing basis if, in their opinion, it is appropriate for the proper administration of the Fund.
MERGER OF PLANS. Effective March 31, 1993, the Nordson Corporation Hourly-Rated Employees’ Retirement Plan (the “Retirement Saturday Plan”) was merged into and made a part of the Plan, and the trust maintained in connection with the Retirement Saturday Plan was merged into and made a part of the Trust.
MERGER OF PLANS. (a) If the Employer merges or consolidates with or into a corporation, or if substantially all of the assets of the Employer are transferred to another business, the Plan hereby created shall terminate on the effective date of such merger, consolidation or transfer. However, if the surviving corporation resulting from such merger or consolidation, or the business to which the Employer’s assets have been transferred, adopts the Plan, it shall continue and such corporation or business shall succeed to all rights, powers and duties of the Employer hereunder. The employment of any Employee who continues in the employ of such successor corporation or business shall not be deemed to have been terminated for any purpose hereunder.
MERGER OF PLANS. Effective as of April 1, 1991, the Meltex Corporation Employee Savings Plan (the “Meltex Plan”) was merged into and made a part of the Plan.
MERGER OF PLANS. Effective as of December 31, 1994, the separate accounts of those individuals who were employees of Mountaingate Engineering, Inc. or an Employer as of December 31, 1994, and who had account balances in the Mountaingate Engineering, Inc. 401(k) Plan immediately prior to such date and the related assets were transferred to the Plan from the Mountaingate Engineering, Inc. 401(k) Plan (the “Mountaingate Plan”) and the Mountaingate Plan was merged into and made a part of the Plan.
