Other Pension Plan Clause Samples
The "Other Pension Plan" clause defines the treatment of any pension plans, retirement benefits, or similar arrangements that are not the primary plan referenced in the agreement. This clause typically outlines whether participation in additional pension plans is permitted, how benefits from such plans are coordinated, or how contributions are handled if multiple plans exist. Its core function is to clarify the rights and obligations of the parties regarding supplementary retirement benefits, thereby preventing misunderstandings or disputes about overlapping or additional pension entitlements.
Other Pension Plan. The Employer retains the exclusive right to alter, amend, cancel, or terminate any Employer-sponsored pension plan or employee-retirement plan that existed prior to participation in this Pension Fund.
Other Pension Plan. A pension plan that is not a self-directed plan, and either (1) the plan has total assets in excess of $5,000,000; or (2) the plan's investment decisions are made by a plan fiduciary that is a bank, savings and loan association, insurance company or registered investment adviser.
Other Pension Plan. A pension plan that: (a) is not a self-directed plan; and (b) has total assets in excess of $5,000,000;
23 A “spousal equivalent” is a cohabitant occupying a relationship generally equivalent to that of a spouse.