HomeMy WebLinkAbout2465 four (4) year period may be extended by the
Trustees whenever, in their discretion, spe-
cial circumstances justify such action. The
provisions of this Section 9.04 shall not ap-
ply in the event this Plan is terminated or
EmpZoyer contributions are completely dis-
continued.
ARTICLE X .
AMENDMENT AND TERMINATION
Board of 10.01 The Plan may be wholly or partially amended or
Directors otherwise modified at any time by the Board of
may amend Directors, provided, however, that:
No retroactive (a) no amendment or modification shall have any
amendments, retroactive effect so as to cause any reduction
except to in the Account theretofore credited to any
conform with Participant, or deprive any Participant of any
i governmental rights which have vested in him prior to such
~ regulations amendment or modification or diminish the Ac-
; count hereof, or cause or permit any portion of
E ~ the Trust Fund to revert to or become the pro-
: perty of the Employer, except that any amend-
~ ment may be retroactive which is necessary to
i bring the Plan into conformity with governmental
; regulations in order to qualify the Plan for tax
~ exemption; and
N
¢ Duties or (b) no amendment or modification may be made which
~ liability of shall increase the duties or liabilities of the
~ Trustees can't Trustees without their written consent.
~ change without consent
~ Termination 10.02 (a) While the Plan and Trust are intended to be
~ of Plan permanent, they may be terminated at any
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> time by either of the following methods:
~
~ (1) At any time, at such discretion of the
Board of Directors, written notice of such
~
termination shall be given to the Trustees
- and shall set forth the termination date.
Thereafter, no further contributions shall
- be made to the Trust.
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