Plan Mergers Sample Clauses
The Plan Mergers clause defines the process and conditions under which two or more benefit or retirement plans may be combined into a single plan. Typically, this clause outlines the necessary approvals, the method for valuing and transferring assets and liabilities, and the treatment of participant benefits during the merger. By establishing clear procedures and protections, the clause ensures that plan mergers are conducted fairly and in compliance with legal requirements, thereby safeguarding participant interests and maintaining plan integrity.
Plan Mergers. For a period of seven and one-half years after the Effective Date, if the Plan is merged or consolidated with another plan, participants and beneficiaries who are Settlement Class members will be entitled to the same or a greater Accrued Benefit post-merger or after a consolidation event as they enjoyed before the merger or consolidation.
Plan Mergers. If, at any time during a period of ten years commencing on October 19, 2018, any of the Plans is merged with or into another plan, adopted by additional employers, or consolidated with another plan, participants and beneficiaries in the Plans will be entitled to an Accrued Retirement Benefit, as defined by the Plans, post-merger, adoption, or consolidation event that is no less than they enjoyed before that event.
Plan Mergers. The Plan shall not be merged or consolidated with any other plan, and no assets or liabilities of the Plan shall be transferred to any other plan, unless each Participant would receive a benefit immediately after such merger, consolidation or transfer (if the Plan then terminated) which is equal to or greater than the benefit such Participant would have been entitled to receive immediately before such merger, consolidation or transfer (if the Plan had then been terminated). A list of other plans which have been merged into the FMC Plan or this Plan is attached hereto and made a part hereof as Exhibit A.
Plan Mergers. Commencing sixty (60) days after the Effective Date of Settlement and for a period of ten (10) years after the Effective Date of Settlement, if the Plan is merged with or into another plan or consolidated with another plan, no Settlement Class member shall, solely on account of such merger, consolidation or transfer, have an Accrued Benefit on the day following
Plan Mergers. For the period commencing on January 1, 2015 through June 30, 2022, if any Plan is merged with or into another Plan, participants will be entitled to the same (or greater) benefits post-merger as they enjoyed before the merger.
Plan Mergers. (The following plans were merged into the Plan and became subject to the terms of the Plan effective as of the merger date.)
Plan Mergers. For a period of seven years after the Settlement Agreement becomes Final, if the Plan is merged with or into another plan adopted by additional employers, or consolidated with another plan, after such event, the Plan's participants and beneficiaries will be entitled to the same (or greater) accrued benefits under the terms of the Plan as they enjoyed before the event.
Plan Mergers. Before December 31, 1997, the Company will merge certain of the Plans as follows:
(i) Plan 006 and Plan 019 will merge with Plan 003. (Plan 006 will be the surviving plan)
(ii) Plan 001 will merge with Plan 014. (Plan 001 will be the surviving plan)
Plan Mergers. (The following plans were merged into the plan and became subject to the terms of the plan effective as of the merger date.)
(a) [ ] First merger
(1) ♦♦ Name of merged plan:
(2) ♦♦ Date of merger:
(b) [ ] Second merger
(1) ♦♦ Name of merged plan:
(2) ♦♦ Date of merger:
(c) [ ] Third merger
(1) ♦♦ Name of merged plan:
(2) ♦♦ Date of merger:
(d) [ ] Fourth merger
(1) ♦♦ Name of merged plan:
Plan Mergers. If the Plan is merged with or into another plan during a period of fifteen