Common use of Plan Amendment and Termination Clause in Contracts

Plan Amendment and Termination. For a period of seven years after the Settlement Agreement becomes Final, St. Joseph’s retains the right to amend or terminate the Plan at any time, provided that no amendment or termination will result in a reduction in a participant or beneficiary’s accrued benefit as defined in the Plan document.

Plan Amendment and Termination. For a period of seven years after the Settlement Agreement becomes Final, St. Joseph’s 's retains the right to amend or terminate the Plan at any time, provided that no amendment or termination will result in a reduction in a participant or beneficiary’s 's accrued benefit as defined in the Plan document.