Common use of Plan Mergers Clause in Contracts

Plan Mergers. For a period of seven and one-half years after the Effective Date, if the Plan is merged or consolidated with another plan, participants and beneficiaries who are Settlement Class members will be entitled to the same or a greater Accrued Benefit post-merger or after a consolidation event as they enjoyed before the merger or consolidation.

Appears in 5 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement, Class Action Settlement Agreement

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Plan Mergers. For a period of seven and one-half years after the Effective DateSettlement Agreement becomes Final, if the Plan is merged with or into another plan adopted by additional employers, or consolidated with another plan, after such event, the Plan’s participants and beneficiaries who are Settlement Class members will be entitled to the same (or a greater Accrued Benefit post-merger or after a consolidation event greater) accrued benefits under the terms of the Plan as they enjoyed before the merger or consolidationevent.

Appears in 2 contracts

Samples: Settlement Agreement, Class Action Settlement Agreement

Plan Mergers. For a period of seven and one-half years after the Effective Date, if the Plan is Plans, or either of them, are merged or consolidated with another plan, participants and beneficiaries who are Settlement Class members will be entitled to the same or a greater Accrued Benefit post-merger or after a consolidation event as they enjoyed before the merger or consolidation.

Appears in 1 contract

Samples: Class Action Settlement Agreement

Plan Mergers. For a period of seven and one-half years after the Effective DateSettlement Agreement becomes Final, if the Plan is merged with or into another plan adopted by additional employers, or consolidated with another plan, after such event, the Plan's participants and beneficiaries who are Settlement Class members will be entitled to the same (or a greater Accrued Benefit post-merger or after a consolidation event greater) accrued benefits under the terms of the Plan as they enjoyed before the merger or consolidationevent.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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Plan Mergers. For a period of seven and one-half eight (8) years after commencing on the Effective DateDate of Settlement, if the Plan is merged with or consolidated with into another plan, Plan participants and beneficiaries who are Settlement Class members will be entitled to the same (or a greater Accrued Benefit greater) benefits post-merger or after a consolidation event as they enjoyed before the merger or consolidationmerger.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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