Common use of Plan Merger and Consolidation or Transfer of Plan Assets Clause in Contracts

Plan Merger and Consolidation or Transfer of Plan Assets. In the event of any merger or consolidation with, or transfer of assets or liabilities to, any other plan, each Participant of this Plan would (if the Plan then terminated) receive an amount immediately after such merger, consolidation or transfer which is equal to or greater than the amount he would have been entitled to receive immediately before the merger, consolidation, or transfer (if the Plan had then terminated).

Plan Merger and Consolidation or Transfer of Plan Assets. In the event of any merger or consolidation with, or transfer of assets or liabilities to, any other plan, each Participant of this the Plan would shall (if the Plan then terminated) be entitled to receive an amount immediately after such merger, consolidation or transfer which is equal to or greater than the amount he would have been entitled to receive immediately before the merger, consolidation, consolidation or transfer (if the Plan had then terminated).