Common use of Terminability of Welfare Plans Clause in Contracts

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §3(1) or §3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA). The Guarantor or the Borrower may terminate each such Plan in accordance with its terms at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor or the Borrower, as the case may be, without liability to any Person.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §3(1ss.3(1) or §3(2)(Bss.3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I1, Part 6 of ERISA). The Guarantor or the Borrower an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor or the Borrower, as the case may be, such ERISA Affiliate without liability to any Person.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §Section 3(1) or §Section 3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part part 6 of ERISA). The Guarantor .) Each Borrower or the Borrower ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor such Borrower or the Borrower, as the case may be, ERISA Affiliate without liability to any Person.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §3(1Section 3(l) or §Section 3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I1, Part 6 of ERISA). The Guarantor or the Borrower an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor or the Borrower, as the case may be, such ERISA Affiliate without liability to any Person.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §section 3(1) or §section 3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA). The Guarantor ICT or the Borrower an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms at any time (or at any time subsequent to the expiration of any applicable bargaining agreementagreement or legally mandated advance notice requirement) in the discretion of the the Guarantor ICT or the Borrower, as the case may be, such ERISA Affiliate without liability to any Person.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §3(1) or §3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I1, Part 6 of ERISA)) . The Guarantor Borrower or the Borrower an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor Borrower or the Borrower, as the case may be, such ERISA Affiliate without material liability to any Person.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §3(1Section.3(1) or §3(2)(BSection.3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA). The Guarantor Borrower or the Borrower an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor Borrower or the Borrower, as the case may be, such ERISA Affiliate without liability to any Person.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §3(1sect.3(1) or §3(2)(Bsect.3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA). The Guarantor Borrower or the Borrower an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor Borrower or the Borrower, as the case may be, such ERISA Affiliate without liability to any Person. 5.16.3.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of §3(1(S)3(1) or §3(2)(B(S)3(2)(B) of ERISA, no benefits are due unless the event giving rise to the benefit entitlement occurs prior to plan termination (except as required by Title I, Part 6 of ERISA). The Guarantor Borrower or the Borrower an ERISA Affiliate, as appropriate, may terminate each such Plan in accordance with its terms at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the the Guarantor Borrower or the Borrower, as the case may be, such ERISA Affiliate without liability to any Person.