Unallocated Amounts upon Termination of Plan and Trust. In the event the Plan and Trust are terminated, any previously unallocated amounts maintained in the suspense account in accordance with the provisions of Section 5.04 hereof which cannot be allocated to Participants upon the termination of the Plan and Trust pursuant to Section 18.03 hereof because of the limitations contained in Sections 5.04 through 5.07 hereof, shall revert to the Employer or Employers employing the Participant at the time of such termination.
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Samples: Employee Investment Plan (Xcel Energy Inc), Employee Investment Plan (Southwestern Public Service Co)
Unallocated Amounts upon Termination of Plan and Trust. In the event the Plan and Trust are terminated, any previously unallocated amounts maintained in the suspense account in accordance with the provisions of Section 5.04 hereof Subsection 5.06(3) which cannot be allocated to Participants upon the termination of the Plan and Trust pursuant to Section 18.03 hereof 17.03 because of the limitations contained in Sections 5.04 5.07 through 5.07 hereof5.08, shall revert to the Employer or Employers employing the Participant at the time of such termination.
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Unallocated Amounts upon Termination of Plan and Trust. In the event the Plan and Trust are terminated, any previously unallocated amounts maintained in the suspense account in accordance with the provisions of Section 5.04 hereof SUBSECTION 5.06(3) which cannot be allocated to Participants upon the termination of the Plan and Trust pursuant to Section 18.03 hereof SECTION 17.03 because of the limitations contained in Sections 5.04 SECTIONS 5.07 through 5.07 hereof5.09, shall revert to the Employer or Employers employing the Participant at the time of such termination.
Appears in 1 contract
Samples: Employee Stock Ownership Plan (Club Corp International)
