Termination of Contributions. District retiree HRA contributions will cease upon the date of death of the retiree. The balance in a retiree HRA account will be available for use by the Retiree’s eligible dependents for qualified claims and according plan terms and applicable law. Any HRA account balance remaining 12 months after the retiree’s date of death will be forfeited.
Termination of Contributions. The Employer has adopted the Plan with the intention and expectation that contributions will be continued indefinitely. However, the Employer has no obligation or liability whatsoever to maintain the Plan for any length of time and may discontinue contributions under the Plan at any time without any liability hereunder for any such discontinuance.
Termination of Contributions. Employee contributions to the Trust shall be discontinued upon full funding of the City’s actuarial liability for retiree medical costs.
Termination of Contributions. Notwithstanding that Employee may continue to be employed by Employer and any other provision of this Agreement to the contrary, payments by Employer equal to ten percent (10%) of Employee's taxable compensation, as hereinabove described in paragraph (a) of this Article I, shall cease as of the end of the calendar quarter immediately prior to the first date that benefits become distributable from the Trust.
Termination of Contributions. The Authority has established this Trust with the bona fide intention and expectation that from year to year it will be able to and will deem it advisable to make its contributions as herein provided. However, the Authority reserves the right to fund the benefits on a “pay-as-you-go” basis and realizes that circumstances not now foreseen or circumstances beyond its control may make it either impossible or inadvisable to continue to make its contributions as herein provided. In the event the Authority decides it is impossible or inadvisable for it to continue to make its contributions as herein provided, the Authority shall have the right to terminate its contributions. In the event of complete termination of contributions by the Authority, with or without formal action by the Board, the Authority shall make no further contributions to the Trust, the Trust shall remain in existence, and other than the provisions for contributions by the Authority, all the provisions of the Trust which are necessary in the opinion of the Trustee shall remain in force.
Termination of Contributions. Notwithstanding that Employee may continue to be employed by Employer or any other provision of this Agreement to the contrary, payments by Employer, as required by paragraph (a) of Article I of this Agreement, shall cease as of the end of the calendar quarter immediately prior to the first date that benefits become distributable from the Trust.
Termination of Contributions. In accordance with Texas Government Code § 830.105, contributions made under this Plan on behalf of an Eligible Employee cease to be made upon the Eligible Employee’s death or Severance of Employment.
Termination of Contributions. ON BEHALF OF A PARTICIPANT -- After termination of contributions on behalf of a Participant, the Contract Owner may continue the Participant's account in force under the contract or notify the Company as to the manner in which the termination value of the Participant's account is to be disbursed under the plan document's did minimums rule. ROLLOVERS -- Rollovers are allowed unless specifically excluded by the plan document.
Termination of Contributions. Subject to the terms of any agreement that may be binding on the City, the City expressly reserves the right, at any time and for any reason, to discontinue, modify, reduce or terminate the Plan, and the benefits to be provided thereunder. Failure by the City to continue the Plan, or its participation in this Trust, shall not give rise to any new or additional liability on its part whatsoever.
Termination of Contributions. With respect to compensation not yet earned by a Participant this Agreement may be terminated by the Participant by giving written notice to the Employer. Copies of such notice will be sent forthwith to the Custodian. Unless otherwise mutually agreed upon by the Employer and the Participant, any such termination will take effect as of the last day of the month next following the month in which such written notice is given, the Participant's compensation will be increased by the amount by which it otherwise would be reduced pursuant to the Application, or other written agreement between the Employer and the Participant as to the adjustment of the Participant's compensation, and the obligations under this Agreement of the Employer with respect to future pay periods will cease.
