Common use of Pension Plan Continued Clause in Contracts

Pension Plan Continued. (a) Effective the Effective Date, the pension plan continued under Schedule B and the Statutory Pension Plan Rules is further continued under this Agreement and the Pension Plan Rules. (b) An entity who immediately before the Effective Date was an “employer” to whom Schedule B applied continues to be an Employer, and those persons who were eligible employees of that entity continue to be Employees, on and after the Effective Date. (c) A person who immediately before the Effective Date was a “member” to whom Schedule B applied continues to be a Plan Member under the Pension Plan on and after the Effective Date. (d) Any rights vested in an individual under the pension plan provided for by and under Schedule B continue to apply to the individual, in the same manner and to the same extent, under the pension plan continued under this Agreement and the Pension Plan Rules. (e) The fiscal year end of the Pension Plan is December 31st, or any other date that the Board may establish as the fiscal year end for the Pension Plan.

Appears in 3 contracts

Samples: Joint Trust Agreement, Municipal Pension Plan Joint Trust Agreement, Joint Trust Agreement

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Pension Plan Continued. (a) Effective the Effective Date, the pension plan continued under Schedule B D and the Statutory Pension Plan Rules is further continued under this Joint Trust Agreement and the Pension Plan Rules. (b) An entity who immediately before the Effective Date was an “employer” to whom Schedule B D applied continues to be an Employer, and those persons who were eligible employees of that entity continue to be Employees, on and after the Effective Date. (c) A person who immediately before the Effective Date was a “member” to whom Schedule B D applied continues to be a Plan Member under the Pension Plan on and after the Effective Date. (d) Any rights vested in an individual under the pension plan provided for by and under Schedule B D continue to apply to the individual, in the same manner and to the same extent, under the pension plan continued under this Joint Trust Agreement and the Pension Plan Rules. (e) The fiscal year end of the Pension Plan is December 31st, or any other date that the Board may establish as the fiscal year end for the Pension Plan.

Appears in 2 contracts

Samples: Joint Trust Agreement, Joint Trust Agreement

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Pension Plan Continued. (a) Effective On the Effective Date, the pension plan continued under Schedule B C and the Statutory Pension Plan Rules is further continued under this Agreement and the Pension Plan Rules. (b) An entity who immediately before the Effective Date was an “employer” to whom Schedule B C applied continues to be an Employer, and those persons who were eligible employees of that entity continue to be Employees, on and after the Effective Date. (c) A person who immediately before the Effective Date was a “member” to whom Schedule B C applied continues to be a Plan Member under the Pension Plan on and after the Effective Date. (d) Any rights vested in an individual under the pension plan provided for by and under Schedule B C continue to apply to the individual, in the same manner and to the same extent, under the pension plan continued under this Agreement and the Pension Plan Rules. (e) The fiscal year end of the Pension Plan is December March 31st, or any other date that the Board may establish as the fiscal year end for the Pension Plan.Plan.‌

Appears in 1 contract

Samples: Joint Trust Agreement

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