MERGER OR CONSOLIDATION OF PLAN. In the event that the Named Fiduciary or the Corporation authorizes and directs that the assets of another plan be merged or consolidated with or transferred to a Plan participating in this Trust, the Master Trustee shall take no action with regard to such merger, consolidation or transfer until it has been notified in writing that each participant covered under the plan the assets of which are to be merged consolidated or transferred will immediately after such merger, consolidation or transfer be entitled to a benefit either equal to or then greater than the benefit he would have been entitled to had the Plan been terminated.
MERGER OR CONSOLIDATION OF PLAN. In the case of a merger or consolidation of this Plan with another plan or transfer of assets or liabilities to another plan, each participant in the successor plan shall (if the Plan then terminated) receive a benefit immediately after the merger, consolidation or transfer Defined Contribution Plan and Trust Document which is at least equal to the benefit he would have been entitled to receive immediately before the merger, consolidation or transfer (if the Plan had then terminated).
MERGER OR CONSOLIDATION OF PLAN. Except by the mutual agreement of FCA US LLC and the Union, there shall be no merger or consolidation of the Plan with, or transfer of its assets or liabilities to, any other plan. In the event of an agreement permitting any of the foregoing, each Participant shall be entitled, immediately after the merger, consolidation or transfer, to receive a benefit in accordance with the requirements of Code section 414(l) and the Treasury regulations and other guidance issued thereunder.
MERGER OR CONSOLIDATION OF PLAN. The Plan and Trust Fund will not be merged or consolidated with, nor will any assets or liabilities be transferred to, any other plan, unless the benefits payable to a Participant terminated immediately after such action would be equal to or greater than the benefits to which such Participant would have been entitled (determined without regard to Section 11.2 or 11.3) if this Plan had been terminated immediately before such action.
MERGER OR CONSOLIDATION OF PLAN. Any merger or consolidation of the Plan with another plan, or transfer of Plan 156 assets or liabilities to any other plan, shall be effected in accordance with such regulations, if any, as may be issued pursuant to Section 208 of ERISA, in such a manner that each Participant in the Plan would receive, if the merged, consolidated or transferee plan were terminated immediately following such event, a benefit which is equal to or greater than the benefit he would have been entitled to receive if the Plan had terminated immediately before such event.
