METHOD AND PROCEDURE FOR TERMINATION Sample Clauses
METHOD AND PROCEDURE FOR TERMINATION. The Plan may be terminated by the Employer at any time by appropriate action of its managing body. Such termination shall be effective on the date specified by the Employer. The Plan shall terminate if the Employer shall be dissolved, terminated, or declared bankrupt. Written notice of the termination and effective date thereof shall be given to the Trustee (or Custodian), Plan Administrator, Prototype Sponsor, Participants and Beneficiaries of deceased Participants, and the required filings (such as the Form 5500 series and others) must be made with the Internal Revenue Service and any other regulatory body as required by current laws and regulations. Until all of the assets have been distributed from the Fund, the Employer must keep the Plan in compliance with current laws and regulations by (a) making appropriate amendments to the Plan and (b) taking such other measures as may be required.
METHOD AND PROCEDURE FOR TERMINATION. 28 9.07 Continuance Of Plan by Successor Employer ....................... 28 9.08 Failure Of Plan Qualification ................................... 28
METHOD AND PROCEDURE FOR TERMINATION. The Plan may be terminated by the Adopting Employer at any time by appropriate action of its managing body. Such termination shall be effective on the date specified by the Adopting Employer. The Plan shall terminate, if required by either the IRS or the DOL, if the Adopting Employer is dissolved or terminated. Written notice of the termination and effective date thereof shall be given to the Trustee (or Custodian, if applicable), Plan Administrator, Prototype Sponsor, and the Participants and Beneficiaries of deceased Participants. The required filings (such as the Form 5500 series and others) must be made by the Adopting Employer with the IRS and any other regulatory body as required by current laws and regulations. Until all of the assets have been distributed from the Fund, the Adopting Employer must keep the Plan in compliance with current laws and regulations by making appropriate amendments to the Plan and by taking such other measures as may be required. If the Plan is abandoned by the Adopting Employer, however, a qualified termination administrator (QTA) (or other entity permitted by the IRS or DOL) may terminate the Plan according to rules promulgated by the IRS and DOL.
METHOD AND PROCEDURE FOR TERMINATION. The Plan may BE terminated by the Employer at any tirne by appropriate action of its natlaging body. Such termi nation shall be effective on the date specified by the Employer. The Plan shall tenitinate if the Employer shall be dissolved, terrninated, or declared bankrupt. Wrinen notice of the termInation and effective date thereof shall be given to the Trustee (or Custodian), Plan Administrator, Prototype Sponsor, lrrrticipants and Beneficiaries of deceased Participants, and the required filings (such as the Form 5500 series and others) must be made with the Internal Revenue Service and any other regulatory body as required by curTent laws and regulatibns. Until all of the assets have been distributed from the Fund, the Employer must keep the Plan in compliance with current laws and regulations by (a) malting appropriate amendments to the Plan and a,) talting such other measures as may be required,