Nonterminable Rights. The provisions of this Section 12 are nonterminable, and shall continue to be applicable to shares of Company Stock even if the Plan ceases to be an employee stock ownership plan within the meaning of Section 4975(e)(7) of the Code.
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Nonterminable Rights. The provisions of this Section 12 are nonterminable, and 13 shall continue to be applicable to shares of Company Stock even if the Plan ceases to be an employee stock ownership plan Employee Stock Ownership within the meaning of Section section 4975(e)(7) of the Code.
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Sources: Employee Stock Ownership Plan With 401(k) Provisions (Guaranty Bancshares Inc /Tx/)