Common use of Procedure for Withdrawal Clause in Contracts

Procedure for Withdrawal. Any Employer (other than the Company) may, by resolution of the board of directors of such Employer, with the consent of the Senior Vice President and subject to such conditions as may be imposed by the Senior Vice President (or the Senior Vice President acting on behalf of the Company pursuant to its authority to amend this Plan), terminate its adoption of the Plan. Notwithstanding the foregoing, an Employer will be deemed to have terminated its adoption of the Plan when it ceases to be a Commonly Controlled Entity.