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 Section 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 1, Part 6 of ERISA). The Guarantor or an ERISA Affiliate, as appropriate, may terminate each such plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Guarantor or 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(l3(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 1I, Part 6 of ERISA). The Guarantor A Borrower or an ERISA Affiliate, as appropriate, may terminate each such plan Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement, subject to applicable law) in the discretion of the Guarantor such Borrower or such ERISA Affiliate without liability to any PersonPerson except for outstanding benefits claims at the time of termination.

Terminability of Welfare Plans. Under each Employee Benefit Plan which is an employee welfare benefit plan within the meaning of Section 3(lss.3(1) or Section 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 1, Part 6 of ERISA). The Guarantor or an ERISA Affiliate, as appropriate, may terminate each such plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Guarantor or 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(l(S)3(1) or Section 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 1I, Part 6 of ERISA). The Guarantor Borrower or an ERISA Affiliate, as appropriate, may terminate each such plan Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Guarantor Borrower or 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(lsection 3(1) or Section 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 1I, Part 6 of ERISA). The Guarantor ICT or an ERISA Affiliate, as appropriate, may terminate each such plan Plan 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 Guarantor ICT or 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(l§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 1I, Part 6 of ERISA). The Guarantor or an ERISA Affiliate, as appropriate, the Borrower may terminate each such plan 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 such ERISA Affiliate 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 Section 3(lsect.3(1) or Section 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 1I, Part 6 of ERISA). The Guarantor Borrower or an ERISA Affiliate, as appropriate, may terminate each such plan Plan at any time (or at any time subsequent to the expiration of any applicable bargaining agreement) in the discretion of the Guarantor Borrower or such ERISA Affiliate without liability to any Person.