Common use of Termination of Plan Clause in Contracts

Termination of Plan. Employer reserves the right to terminate or partially terminate the Plan at any time, by action of its Board of Education. If the Plan is terminated or partially terminated for any reason, the amount of a Participant’s prior Compensation Reductions shall continue to be applied for the exclusive benefit of the Participant and his dependents.

Termination of Plan. The Employer reserves shall have the right at any time to terminate or partially terminate the Plan at by delivering to the Trustee (or Insurer) and Administrator written notice of such termination. Upon any time, by action full or partial termination or upon the complete discontinuance of its Board of Education. If the Employer's Contributions to the Plan is terminated or partially terminated for any reason, (in the amount case of a Participant’s prior Compensation Reductions Profit Sharing Plan), all amounts credited to the affected Participants' Combined Accounts shall continue become 100% Vested and shall not thereafter be subject to be applied for the exclusive benefit of the Participant and his dependentsForfeiture.