Termination of Contributions. District retiree HRA contributions will cease upon the date of death of the retiree. The balance in a retiree HRA account will be available for use by the Retiree’s eligible dependents for qualified claims and according plan terms and applicable law. Any HRA account balance remaining 12 months after the retiree’s date of death will be forfeited.
Termination of Contributions. The Employer has adopted the Plan with the intention and expectation that contributions will be continued indefinitely. However, the Employer has no obligation or liability whatsoever to maintain the Plan for any length of time and may discontinue contributions under the Plan at any time without any liability hereunder for any such discontinuance.
Termination of Contributions. Employee contributions to the Trust shall be discontinued upon full funding of the City’s actuarial liability for retiree medical costs.
Termination of Contributions. Notwithstanding that Employee may continue to be employed by Employer and any other provision of this Agreement to the contrary, payments by Employer equal to ten percent (10%) of Employee's taxable compensation, as hereinabove described in paragraph (a) of this Article I, shall cease as of the end of the calendar quarter immediately prior to the first date that benefits become distributable from the Trust.
Termination of Contributions. In accordance with Texas Government Code § 830.105, contributions made under this Plan on behalf of an Eligible Employee cease to be made upon the Eligible Employee’s death or Severance of Employment.
Termination of Contributions. The Authority has established this Trust with the bona fide intention and expectation that from year to year it will be able to and will deem it advisable to make its contributions as herein provided. However, the Authority reserves the right to fund the benefits on a “pay-as-you-go” basis and realizes that circumstances not now foreseen or circumstances beyond its control may make it either impossible or inadvisable to continue to make its contributions as herein provided. In the event the Authority decides it is impossible or inadvisable for it to continue to make its contributions as herein provided, the Authority shall have the right to terminate its contributions. In the event of complete termination of contributions by the Authority, with or without formal action by the Board, the Authority shall make no further contributions to the Trust, the Trust shall remain in existence, and other than the provisions for contributions by the Authority, all the provisions of the Trust which are necessary in the opinion of the Trustee shall remain in force.
Termination of Contributions. Notwithstanding that Employee may continue to be employed by Employer or any other provision of this Agreement to the contrary, payments by Employer, as required by paragraph (a) of Article I of this Agreement, shall cease as of the end of the calendar quarter immediately prior to the first date that benefits become distributable from the Trust.
Termination of Contributions. A Participant shall cease to be eligible to receive contributions under this Plan at midnight of the following dates:
Termination of Contributions. Subject to the terms of any agreement that may be binding on the City, the City expressly reserves the right, at any time and for any reason, to discontinue, modify, reduce or terminate the Plan, and the benefits to be provided thereunder. Failure by the City to continue the Plan, or its participation in this Trust, shall not give rise to any new or additional liability on its part whatsoever.
Termination of Contributions. The Company has established this Plan with the bona fide intention and expectation that from year to year it will be able to and will deem it advisable to make its contributions as herein provided. However, the Company realizes that circumstances not now foreseen or circumstances beyond its control may make it either impossible or inadvisable to continue to make its contributions as herein provided. In the event the Company decides it is impossible or inadvisable for it to continue to make its contributions as herein provided, the Company shall have the right to terminate its contributions. In the event of complete termination of contributions by the Company, with or without formal action by the Company, the Company shall make no further contributions under the Plan, the Plan and Trust shall remain in existence, and all the provisions of the Plan and Trust shall remain in force which are necessary in the opinion of the Trustee, other than the provisions for contributions by the Company and any provisions requiring forfeiture of a Participating Employee's share in the Trust (the shares in the Trust of each Participating Employee shall become fully vested in such Participant, regardless of the length of his employment or his participation, upon such termination of contributions); and all of the assets in the Trust on the date specified in such resolutions shall be held, administered and distributed by the Trustee in the manner provided herein.
