MERGER OR CONSOLIDATION OF THE PLAN Sample Clauses

MERGER OR CONSOLIDATION OF THE PLAN. In the case of any merger or consolidation of the Plan with, or transfer of assets or liabilities of the Plan to, any other plan, each Participant in the Plan shall (if the surviving plan terminated immediately after the merger, consolidation, or transfer) be entitled to receive a benefit which is equal to or greater than the benefit he would have been entitled to receive immediately before the merger, consolidation, or transfer (if the Plan had then terminated). The Employer shall have the power to direct such a merger, consolidation or transfer and the Trustee shall follow such instructions as it may receive from the Employer in order to implement the transaction. The Employer, and not the Trustee, shall have sole responsibility for maintaining the qualified status of the Plan in connection with such a transaction. The Trustee shall have no liability or responsibility for acting pursuant to the direction of the Employer in implementing a merger, consolidation or transfer.

MERGER OR CONSOLIDATION OF THE PLAN. In the event of any merger or consolidation of the Plan with, or transfer of assets or liabilities of the Plan to, any other plan, each Participant shall be entitled to receive a benefit immediately after such merger, consolidation or transfer (determined as if such other plan had then terminated) which is equal to or greater than the benefit he would have been entitled to receive immediately before such merger, consolidation or transfer (if the Plan had then terminated).

MERGER OR CONSOLIDATION OF THE PLAN. In the case of any merger or consolidation with, or transfer of assets or liabilities to, any other plan, provisions shall be made so that each Participant in the Plan on the date thereof would receive (if the Plan is then terminated) a benefit immediately after the merger, consolidation or transfer which is equal to or greater than the benefit the Participant would have been entitled to receive immediately prior to the merger, consolidation or transfer if the Plan had then terminated. -------------------------------------------------------------------------------- ARTICLE XII. -- MISCELLANEOUS --------------------------------------------------------------------------------

MERGER OR CONSOLIDATION OF THE PLAN. (A) In the case of any merger or consolidation with, or transfer of assets or liabilities to, any Plan after the date of the enactment of the Employee Retirement Income Security Act of 1974, each Participant in the Plan would (if the Plan then terminated) receive a benefit immediately after the merger, consolidation or transfer which is equal to or greater than the benefit he/she would have been entitled to receive immediately before the merger, consolidation or transfer (if the Plan had then terminated). Since this is a multiemployer Plan, this paragraph shall apply only to the extent determined by the Pension Benefit Guaranty Corporation.