Benefits Commitment. If, at any time during a period of ten years commencing on October 19, 2018, the Plans’ Trust becomes insufficient to pay benefits as they are then due and SSM still sponsors the Plans, SSM will contribute sufficient funds to the Plans to pay the Accrued Retirement Benefit, as defined by the Plans, payable to each participant under the terms of the Plan(s) as they are then due during the ten-year period. SSM Health may terminate and/or annuitize some or all benefits provided by any of the Plans as long as there are sufficient assets to pay the Accrued Retirement Benefit(s) of the participants.
Appears in 4 contracts
Samples: Settlement Agreement, Class Action Settlement Agreement, Settlement Agreement
