Mergers and Consolidations. (a) In the case of any merger or consolidation of the Employer’s Plan with, or transfer of assets or liabilities of the Employer’s Plan to any other plan, Participants in the Employer’s Plan shall be entitled to receive benefits immediately after the merger, consolidation, or transfer which are equal to or greater than the benefits they would have been entitled to receive immediately before the merger, consolidation, or transfer if the Plan had then terminated.
Appears in 12 contracts
Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Participation Agreement (Sterling Chemicals Inc), Prototype Defined Contribution Plan (FNB United Corp.)
Mergers and Consolidations. (a) In the case of any merger or consolidation of the Employer’s 's Plan with, or transfer of assets or liabilities of the Employer’s 's Plan to any other plan, Participants in the Employer’s 's Plan shall be entitled to receive benefits immediately after the merger, consolidation, or transfer which are equal to or greater than the benefits they would have been entitled to receive immediately before the merger, consolidation, or transfer if the Plan had then terminated.
Appears in 9 contracts
Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Savannah Bancorp Inc)
Mergers and Consolidations. (a) In the case of any merger or consolidation of the Employer’s 's Plan with, or transfer of assets or liabilities of the Employer’s 's Plan to to, any other plan, Participants in the Employer’s 's Plan shall be entitled to receive benefits immediately after the merger, consolidation, or transfer which are equal to or greater than the benefits they would have been entitled to receive immediately before the merger, consolidation, or transfer if the Plan had then terminated.
Appears in 8 contracts
Samples: Non Standardized Adoption Agreement (Princeton Review Inc), Adoption Agreement (Shared Technologies Cellular Inc), First Keystone Corp
Mergers and Consolidations. (a) In the case of any merger or consolidation of the Employer’s 's Plan with, or transfer of assets or liabilities of the the Employer’s 's Plan to to, any other plan, Participants in the Employer’s 's Plan shall be entitled to receive benefits immediately after the merger, consolidation, or transfer which are equal to or greater than the benefits they would have been entitled to receive immediately before the merger, consolidation, or transfer if the Plan had then terminated.
Appears in 1 contract
Samples: East West Bancorp Inc
Mergers and Consolidations. (a) In the case of any merger or consolidation of the Employer’s 's Plan with, or transfer of assets or liabilities of the Employer’s 's Plan to to, any other plan, . Participants in the Employer’s 's Plan shall be entitled to receive benefits immediately after the merger, consolidation, or transfer which are equal to or greater than the benefits they would have been entitled to receive immediately before the merger, consolidation, or transfer if the Plan had then terminated.
Appears in 1 contract
Samples: Inventa Technologies Inc
Mergers and Consolidations. (a) In the case of any merger or consolidation of the Sponsor’s Plan or any Employer’s Plan withPlan, or transfer of assets or liabilities of the Employer’s Plan either plan to any other plan, Participants in the Employer’s Plan shall be entitled to receive benefits immediately after the merger, consolidation, or transfer which are equal to or greater than the benefits they would have been entitled to receive immediately before the merger, consolidation, or transfer if of the Plan had then terminated.Plan.
Appears in 1 contract
Samples: epc.org
Mergers and Consolidations. (aA) In the case of any merger or consolidation of the Employer’s 's Plan with, or transfer of assets or liabilities of the Employer’s 's Plan to to, any other plan, Participants in the Employer’s 's Plan shall be entitled to receive benefits immediately after the merger, consolidation, consolidation or transfer which are equal to or greater than the benefits they would have been entitled to receive immediately before the merger, consolidation, consolidation or transfer if the Plan had then terminated.
Appears in 1 contract
Samples: Standarized Adoption Agreement (Oregon Trail Financial Corp)
