B. TERMINATION OF PLAN.
The parties to the collective bargaining agreement may terminate the Plan in whole or in part. Thus, although there is no present intent to terminate the Plan, there is no guarantee that the Plan will last for any particular length of time.
In the event of termination or partial termination of the Plan, the assets then remaining, after providing for the expenses of the Plan and for the payment of any individual account theretofore approved, would be distributed among Participants, and each Participant would be 100% vested in his or her accrued benefits and would receive that part of the total remaining assets in the same ratio as his or her individual account bears to the aggregate amount of the individual accounts of all Participants. Unallocated assets will not be returned to any Employer.
|