Common use of Contributions by Employer Clause in Contracts

Contributions by Employer. The Employer shall make such contributions from time to time, which in addition to contributions made by Members pursuant to Section 9.02, shall be necessary as determined by the Actuary to provide the benefits of this Plan. However, the Employer is under no obligation to make any contributions under the Plan after the Plan is terminated, whether or not benefits accrued or vested prior to such date of termination have been fully funded.

Appears in 2 contracts

Sources: Retirement Plan and Trust Agreement, Retirement Plan and Trust Agreement