PLAN TERMINATION AND PARTIAL PLAN TERMINATION Sample Clauses

PLAN TERMINATION AND PARTIAL PLAN TERMINATION. In the event that a Full Participating Employer terminates the defined benefit retirement plan which it maintains through its Plan of Participation, the Plan Interest of such Plan of Participation shall to the extent of the sufficiency thereof be applied by the Trustees to provide distributions to the Participants and beneficiaries in the order and manner provided under such Plan of Participation after it has been determined that all allocable expenses have been paid by the Full Participating Employer. In the event that a Full Participating Employer terminates the defined contribution plan which it maintains through its Plan of Participation, the Plan Interest of such Plan of Participation shall be applied by the Trustees to provide distributions to the Participants and beneficiaries in the manner provided under such Plan of Participation after it has been determined that all allocable expenses have been paid by the Full Participating Employer. In the event of a partial termination of a Plan of Participation, the appropriate portion of the Plan Interest affected by such termination, as established by the Enrolled Actuary, of applicable, shall be distributed as provided in such Plan of Participation.
Sample 1
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Related to PLAN TERMINATION AND PARTIAL PLAN TERMINATION

  • Plan Termination The Plan Sponsor reserves the right to terminate this Plan in accordance with one of the following, subject to the restrictions imposed by Section 409A and authoritative guidance:

  • Plan Terminations Promptly and in any event within two Business Days after receipt thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any Plan or to have a trustee appointed to administer any Plan.

  • Plan Termination Generally This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

  • Compensation After Termination (i) If the Employment Period is terminated pursuant to Executive’s resignation without Good Reason, death or Incapacity, Executive shall only be entitled to receive his/her Base Salary through the date of termination and shall not be entitled to any other salary, bonus, compensation or benefits from the Company or its Subsidiaries, except as may be required by applicable law.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Plan Terminations Under Section 409A Notwithstanding anything to the contrary in Section 7.2, if this Agreement terminates in the following circumstances:

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

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