Common use of General Provisions Applicable To Cash Balance Plan Component And Traditional Retirement Plan Clause in Contracts

General Provisions Applicable To Cash Balance Plan Component And Traditional Retirement Plan. Retirement Plan provisions relating to eligibility, vesting, and benefit distributions are set forth in, and governed by, the terms of the Retirement Plan document. During the term of this Agreement, such provisions shall not be modified in a manner that results in a material diminution in the value of Retirement Plan benefits for employees covered by this Agreement. The Company may amend the Retirement Plan in any manner necessary to maintain its tax qualified status.

Appears in 4 contracts

Samples: ibew1245.com, Agreement, Neutrality Agreement (Nv Energy, Inc.)

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