Common use of PLAN TERMINATION OR SUSPENSION Clause in Contracts

PLAN TERMINATION OR SUSPENSION. The Employer subject to Section 13.02(B) and by proper Employer action has the right, at any time, to suspend or discontinue its contributions under the Plan and thereafter to continue to maintain the Plan (subject to such suspension or discontinuance) until the Employer terminates the Plan. The Employer subject to Section 13.02(B) and by proper Employer action has the right, at any time, to terminate this Plan and the Trust created and maintained under the Plan. The Plan will terminate upon the first to occur of the following:

Appears in 4 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Participation Agreement (Petco Animal Supplies Inc), Bank of Granite Corp

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PLAN TERMINATION OR SUSPENSION. The Employer subject to Section ------------------------------ 13.02(B) and by proper Employer action has the right, at any time, to suspend or discontinue its contributions under the Plan and thereafter to continue to maintain the Plan (subject to such suspension or discontinuance) until the Employer terminates the Plan. The Employer subject to Section 13.02(B) and by proper Employer action has the right, at any time, to terminate this Plan and the Trust created and maintained under the Plan. The Plan will terminate upon the first to occur of the following:

Appears in 1 contract

Samples: Adoption Agreement (Gold Banc Corp Inc)

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PLAN TERMINATION OR SUSPENSION. The Employer subject to Section 13.02(B) and by proper Employer action has the right, at any time, to suspend or discontinue its contributions under the Plan and thereafter to continue to maintain the Plan (subject to such suspension or discontinuance) until the Employer terminates the Plan. The Employer subject to Section 13.02(B) and by proper Employer action has the right, at any time, to terminate this Table of Contents Defined Contribution Prototype Plan Plan and the Trust created and maintained under the Plan. The Plan will terminate upon the first to occur of the following:

Appears in 1 contract

Samples: Trimeris Inc

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