Midas Plan definition
Midas Plan means the Midas International Corporation Retirement Savings Plan for Salaried Employees.
Midas Plan means the Midas International Corporation Retirement Savings Plan for Hourly Employees.
Examples of Midas Plan in a sentence
Effective January 1, 1998, or, if later, the date a Participant becomes a Midas Participant, the assets and liabilities for each Midas Participant shall be transferred to the Midas Plan based upon the Unit Value thereof as of the close of the last Business Day in 1997, or, if later, the Business Day immediately preceding the date a Participant becomes a Midas Participant.
Notwithstanding the above, each of the Accounts for each Hussmann Participant and Midas Participant shall be reduced to zero effective as of the date of transfer of liabilities and assets of such Accounts to the Hussmann Plan and Midas Plan, respectively.