Plan Amendment and Termination. Notwithstanding any other provision of this agreement, including the cash contribution requirements of § 7.1.1, SSM retains the right to amend or terminate the Plans at any time, subject to § 8.1 If SSM amends or terminates any of the Plans at any time during a period of ten years commencing on October 19, 2018, such amendment or termination shall not result in a reduction of any participant’s or beneficiary’s Accrued Retirement Benefit, as defined by the Plans. In the event all of the Plans are terminated, the cash contributions required by § 7.1.1 shall cease.
Appears in 4 contracts
Samples: Settlement Agreement, Class Action Settlement Agreement, Settlement Agreement
