Termination of the Plan Sample Clauses

Termination of the Plan. Any other provi- sion of this plan to the contrary notwith- standing, no benefit will be paid for charges incurred by a participant or former par- ticipant after the termination of this plan.

Termination of the Plan. The Board may suspend or terminate the Plan at any time. No Incentive Stock Options may be granted after the tenth anniversary of the earlier of: (i) the Adoption Date, or (ii) the date the Plan is approved by the Company’s stockholders. No Awards may be granted under the Plan while the Plan is suspended or after it is terminated.

Termination of the Plan. The right to grant Awards under the Plan will terminate upon the earlier of: (i) ten (10) years after the Effective Date; (ii) the issuance of a number of shares of Common Stock pursuant to the exercise of Options or the distribution of Stock Awards which together with the exercise of Limited Rights is equivalent to the maximum number of shares reserved under the Plan as set forth in Section 4 hereof. The Board of Directors has the right to suspend or terminate the Plan at any time, provided that no such action will, without the consent of a Participant, adversely affect a Participant's vested rights under a previously granted Award.

Termination of the Plan. The Plan will terminate on [DATE], the date which is ten years from the earlier of the date of its adoption by the Board of Directors and the date of its approval by the shareholders of the Company. The Plan may be terminated at an earlier date by vote of the shareholders or the Board of Directors of the Company; provided, however, that any such earlier termination shall not affect any Agreements executed prior to the effective date of such termination. Termination of the Plan shall not affect any Stock Rights theretofore granted.

Termination of the Plan. In the event that the Plan is terminated, all contributions or benefits shall cease and the Fund will be disposed of in the following manner:

Termination of the Plan. You may designate the date the Plan is to terminate (the “Termination Date”) in the Application. You may also designate or change the Termination Date by instructions to us. On the Termination Date or in the event that the trust governed by the Plan is terminated, we will make payments, refunds or transfers out of the Plan or cause the Trustee to make payments, refunds or transfers out of the Plan for one or more of the purposes listed in section 1, above, according to your instructions to us regarding termination, provided that the payments, refunds or transfers are permitted under the Plan and under the Applicable Tax Legislation. We will give you written notice at least six months prior to the Termination Date. The Termination Date cannot be later than the last day of the 35th year following the year in which the Plan was entered into. If property is transferred to the Plan from another RESP and the other RESP was entered into before the Plan, then the Termination Date cannot be later than the last day of the 35th year following the year in which the other RESP was entered into. However, if section 6.1 applies to the Plan, the latest Termination Date is the last day of the 30th year following the Plan was entered into. If you do not designate a Termination Date, the Termination Date will be the latest date possible. The provisions of section 9 will apply to payments, refunds or transfers on termination. If you have not given the Trustee instructions regarding termination by the Termination Date, the Trustee will pay a refund of contributions, to the maximum extent possible, to you. (If you have not given the Trustee instructions regarding payment, the Trustee may deposit the refund of contributions in an interest bearing account at Bank of Montreal.) The Trustee will pay any remaining amount to (or to a trust in favour of) a Designated Educational Institution in Canada selected by the Trustee. The Trustee will also deduct on termination any fees or other charges owing to us or to the Trustee under section 20.

Termination of the Plan a. The Subscriber may designate a date for the Plan to end (the termination date) by providing ATBSI with clear written instructions signed by the Subscriber as long as the Subscriber follows these rules: i. The termination date cannot be later than the last day of the 35th year following the year the Plan was established or deemed to be established; ii. If Contributions made to another RESP are transferred into the Plan and the other RESP was created before the Plan, the termination date cannot be later than the last day of the 35th year following the year in which the other RESP was created. The Subscriber undertakes to sign and send to the trustees notice in writing of the termination date; The termination date cannot be later than the last day of the 35th year following the year the Plan was established or deemed to be established iii. If the Subscriber dies before the termination date, then the termination date will be the earlier of the termination date that the Subscriber specified and the 31st anniversary of the Subscriber’s death; iv. Under the terms of the Act, the termination date will be before March 1 of the year following the year in which the first Accumulated Income Payment is made out of the Plan; b. The Subscriber may change the termination date by sending ATBSI written instructions. Those instructions must clearly explain the change requested and identify the Plan by its account number. The instructions must be signed by the Subscriber and dated. If ATBSI receives more than one set of instructions, ATBSI will follow the instructions with the later date. c. On or before the termination date, ATBSI must make payments under section 11 or 13 of this Agreement according to the Subscriber’s written instructions. The Subscriber will provide instructions to ATBSI on which of the Plan Assets the Subscriber wants ATBSI to sell to make these payments. If the Subscriber fails to provide instructions on which Plan Assets to sell, ATBSI will sell any of the Plan Assets that ATBSI, in its sole discretion, considers appropriate. ATBSI will make the payments described in this paragraph after deducting: i. Any sales costs and other related fees or charges, including penalties; ii. Any taxes, including interest and penalties, that are or may become payable by the Plan; iii. Any amount required to be withheld on account of the Subscriber’s liability for income tax as a result of withdrawing funds from the Plan; iv. Any fees under section 19 of this Agreemen...

Termination of the Plan. If the Plan is terminated, the Fund shall be used to meet all liabilities under the Plan in accordance with The Pension Benefits Act of Ontario and Regulation thereunder through the purchase of annuities from an Insurance Company, transfers to non-commutable Registered Retirement Savings Plan or cash settlements.

Termination of the Plan. The Plan will terminate at the end of the Plan Period or at any earlier time the Board shall decide. Termination of the Plan will not affect the subsisting rights of Participants.

Termination of the Plan. In the event that the Employer has set aside assets for purposes of the Plan, and the Plan is terminated, all such remaining assets shall either: (1) revert to the Employer; (2) be used for payments under the Plan; or (3) be used for administrative costs of the Plan.