Common use of Distribution upon Termination of the Plan Clause in Contracts

Distribution upon Termination of the Plan. Upon termination of the Plan, no further Deferral, Employer or Matching Contributions shall be made under the Plan, but Accounts of Participants maintained under the Plan at the time of termination shall continue to be governed by the terms of the Plan until paid out in accordance with the terms of the Plan.

Appears in 3 contracts

Samples: Hayward Holdings, Inc., Important Note (Amylin Pharmaceuticals Inc), Adoption Agreement (ITC Holdings Corp.)

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Distribution upon Termination of the Plan. Upon termination of the Plan, no further Deferral, Employer Deferral Contributions or Matching Contributions shall be made under the Plan, but Accounts of Participants maintained under the Plan at the time of termination shall continue to be governed by the terms of the Plan until paid out in accordance with the terms of the Plan.

Appears in 1 contract

Samples: Adtran Inc

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