Common use of Limitation on Benefit Accruals Clause in Contracts

Limitation on Benefit Accruals. (a) If the Non-Contributory Pension Plan’s Adjusted Funding Target Attainment Percentage for a Plan Year is less than 60%, all benefit accruals under the Plan shall cease as of the applicable Section 436 Measurement Date. If the Plan is required to cease benefit accruals under this Paragraph 4(a), then the Plan may not be amended in any manner that would increase the liabilities of the Non-Contributory Pension Plan by reason of an increase in benefits or establishment of new benefits, regardless of whether such amendment would be permitted under Paragraph 2.

Limitation on Benefit Accruals. (a) If the Non-Contributory Pension Plan’s Adjusted Funding Target Attainment Percentage for a Plan Year is less than 60%, all benefit accruals under the Plan shall cease as of the applicable Section 436 Measurement Date. If the Plan is required to cease benefit accruals under this Paragraph 4(aSection 8.4(a), then the Plan may not be amended in any manner that would increase the liabilities of the Non-Contributory Pension Plan by reason of an increase in benefits or establishment of new benefits, regardless of whether such amendment would be permitted under Paragraph 2Section 8.2.