Common use of Right to Terminate Plan Clause in Contracts

Right to Terminate Plan. Each Participating Company contemplates that the Plan shall be permanent and that it shall be able to make contributions to the Plan. Nevertheless, in recognition of the fact that future conditions and circumstances cannot now be entirely foreseen, each Participating Company reserves the right to terminate (as to such Participating Company) either the Plan (exclusive of the Trust Fund) or both the Plan and the Trust Fund, at any time, by resolution of the board of directors of the Participating Company.

Right to Terminate Plan. Each Participating The Company contemplates that the Plan shall be permanent and that it shall be able to make contributions to the Planpermanent. Nevertheless, in recognition of the fact that future conditions and circumstances cannot now be entirely foreseen, each Participating the Company reserves the right to terminate (as to such Participating Company) either the Plan (exclusive of the Trust Fund) or both the Plan and the Trust Fund, at any time, by resolution of the board of directors of the Participating CompanyTrust.

Right to Terminate Plan. Each Participating The Company contemplates that the Plan shall be permanent and that it the Employer shall be able to Continue to make contributions to under the Plan. Nevertheless, in recognition of the fact that future conditions and circumstances cannot now be entirely foreseen, each Participating Company reserves the right to terminate (as to such Participating Company) either the Plan (exclusive of the Trust Fund) or both the Plan and the Trust Fundright, at any timetime or times, by resolution action of the board Board of directors Directors of the Participating Company, to terminate the Plan, in whole or in part.