Vesting and Distribution on Termination and Partial Termination. On termination of the Plan in accordance with Section 18.2, on partial termination of the Plan by operation of law, or in the event of a complete discontinuance of Company contributions to the Plan, each affected Participant’s benefits will be nonforfeitable. If, on termination or partial termination of the Plan, a Participant remains in the employ of an Employer or a Related Company, the amount of his benefits shall be retained in the Trust until after his termination of employment with all of the Employers and Related Companies and shall be paid to him in accordance with the provisions of ARTICLE XIV. The benefits payable to an affected Participant whose employment with all of the Employers and Related Companies is terminated coincident with the termination or partial termination of the Plan (and the benefits payable to an affected Participant on partial termination of the Plan) shall be paid to him in accordance with the provisions of ARTICLE XIV. All appropriate accounting provisions of the Plan will continue to apply until the benefits of all affected Participants have been distributed to them.
Vesting and Distribution on Termination and Partial Termination. On termination of the Plan in accordance with the provisions of Section 16.2 or on partial termination of the Plan by operation of law, the date of termination or partial termination, as the case may be, will be an Accounting Date and, after all adjustments then required under the Plan have been made, each affected employee’s benefits will be nonforfeitable. If, on termination of the Plan, a Participant remains an employee of an Employer or a Related Company, the amount of the Participant’s benefits may be retained in the Trust until after the Participant’s termination of employment with the Employers and the Related Companies and shall be paid to such Participant or, in the event of the Participant’s death, to the Beneficiary thereof in a lump sum. The benefits payable to a Participant whose employment with the employers and Related Companies is terminated coincident with the termination of the Plan (and the benefits payable to an affected employee on partial termination of the Plan) shall be paid to the Participant or, in the event of the Participant’s death, to the Beneficiary thereof in a lump sum. All appropriate accounting provisions of the Plan will continue to apply until the benefits of all affected persons have been distributed to them.
Vesting and Distribution on Termination and Partial Termination. On termination of the Plan in accordance with the provisions of subsection 12.2, or on partial termination of the Plan by operation of law, each affected Participant's benefits will be nonforfeitable. If, on termination or partial termination of the Plan, a Participant remains in the employ of an Employer or a Related Company, the amount of his benefits shall be retained in the Trust until after the Participant's termination of employment with all of the Employers and Related Companies and shall be paid to him in accordance with the provisions of Section 10. The benefits payable to an affected Participant whose employment with all of the Employers and Related Companies is terminated coincident with the termination or partial termination of the Plan (and the benefits payable to an affected Participant on partial termination of the Plan) shall be paid to him in accordance with the provisions of Section 10. All appropriate accounting provisions of the Plan will continue to apply until the benefits of all affected Participants have been distributed to them.
