Plan Suspension. The Employer further reserves the right to suspend the Plan in whole or in part, except that no such suspension shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts, and provided that the distribution of the vested Participant Accounts shall not be accelerated but shall be paid at such time and in such manner as determined under the terms of the Plan immediately prior to suspension as if the Plan had not been suspended.
Appears in 5 contracts
Samples: Nonqualified Deferred Compensation Plan Agreement (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp)
