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Printable PDF Version of SPD/Plan Document                 

SECTION XVI. AMENDMENTS AND TERMINATION OR MERGER

  1. It is intended that the Plan will continue indefinitely, but the Trustees reserve the right to amend the Plan at any time provided no such amendment shall be allowed which will reduce the interest of any Participant which is then vested, or divert any portion of the Fund to any purpose other than for the exclusive benefit of Participants or their beneficiaries.
  2. In the event of termination of the Plan, the assets of the Plan and the Trust shall be allocated in accordance with the provisions of Section 4041A, et seq., of the Employee Retirement Income Security Act of 1974, as amended. In the event of the termination, whether partial or complete, of the Plan, the interests of all affected Participants shall be regarded as 100% vested to the extent funded.
  3. No merger of the Plan with any other plan, or transfer of its assets, shall be permitted which would result in any Participant receiving a benefit immediately after the merger or transfer less than the benefit he would have been entitled to if the Plan had been terminated immediately prior thereto.
 

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