PLAN MERGER OR CONSOLIDATION. In the case of any merger or consolidation of the Plan with, or transfer of assets or liabilities of such Plan to, any other plan, each Participant shall be entitled to receive benefits immediately after the merger, consolidation, or transfer (if the Plan had then terminated) which are equal to or greater than the benefits he or she would have been entitled to receive immediately before the merger, consolidation, or transfer (if the Plan had then terminated). The Trustee (or Custodian) has the authority to enter into merger agreements or agreements to directly transfer the assets of this Plan but only if such agreements are made with trustees or custodians of other retirement plans described in Section 401(a) of the Code.
PLAN MERGER OR CONSOLIDATION. 47 10.05 Standard Of Fiduciary Conduct...................................................47 10.06 General Undertaking Of All Parties..............................................47 10.07 Agreement Binds Heirs, Etc......................................................47 10.08 Determination Of Top-Heavy Status...............................................47 10.09 Special Limitations For Owner-Employees.........................................49 10.10
PLAN MERGER OR CONSOLIDATION. (a) If a Plan Sponsor wishes to merge the value of its Participant's Accounts with or into another Code §401(k) plan and remove them from this Plan, the Plan Sponsor must first terminate its participation under this Plan in accordance with Section 11.2. Upon the Plan Sponsor's compliance with the provisions of Section 11.2, the assets held under this Plan allocable to such Participants will be transferred to such other fund only if:
PLAN MERGER OR CONSOLIDATION. 57 10.05 STANDARD OF FIDUCIARY CONDUCT................................57 10.06 GENERAL UNDERTAKING OF ALL PARTIES...........................58 10.07 AGREEMENT BINDS HEIRS, ETC...................................58 10.08 DETERMINATION OF TOP-HEAVY STATUS............................58 10.09 SPECIAL LIMITATIONS FOR OWNER-EMPLOYEES......................60 10.10
PLAN MERGER OR CONSOLIDATION. 40 10.05 STANDARD OF FIDUCIARY CONDUCT....................................................40 10.06 GENERAL UNDERTAKING OF ALL PARTIES...............................................40 10.07 AGREEMENT BINDS HEIRS, ETC.......................................................40 10.08 DETERMINATION OF TOP-HEAVY STATUS................................................40 10.09 SPECIAL LIMITATIONS FOR OWNER-EMPLOYEES..........................................42 10.10 INALIENABILITY OF BENEFITS.......................................................42 10.11 CANNOT ELIMINATE PROTECTED BENEFITS..............................................42 SECTION ELEVEN 401(K) PROVISIONS.............................................................43 11.
PLAN MERGER OR CONSOLIDATION. In the event of a merger or consolidation with, or transfer of assets or liabilities to any other plan, each Participant will be entitled to receive a benefit immediately after such merger, etc. (determined as if the plan then terminated) which is at least equal to the benefit the Participant was entitled to receive immediately before such merger, etc. (determined as if the Plan had then terminated).
