Partial Termination. The Employer may terminate the Plan in part without causing a complete termination of the Plan. In the event a partial termination occurs, the Plan Administrator shall determine the portion of the Plan assets attributable to the Members affected by such partial termination and the provisions of Section 11.3 shall apply with respect to such portion as if it were a separate fund.
Appears in 10 contracts
Sources: Adoption Agreement (Ottawa Savings Bancorp, Inc.), Employees' Savings & Profit Sharing Plan (1st State Bancorp Inc), Adoption Agreement (CCSB Financial Corp)
Partial Termination. The Employer may terminate the Plan in part without causing a complete termination of the Plan. In the event a partial termination occurs, the Plan Administrator shall determine the portion of the Plan assets attributable to the Members affected by such partial termination and the provisions of Section 11.3 12.3 shall apply with respect to such portion as if it were a separate fund.
Appears in 6 contracts
Sources: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (Cape Bancorp, Inc.), Adoption Agreement (Northeast Community Bancorp Inc)
Partial Termination. The Employer may terminate the Plan in part without causing a complete termination of the Plan. In the event a partial termination occurs, the Plan Administrator shall determine the portion of the 61 Plan assets attributable to the Members affected by such partial termination and the provisions of Section 11.3 shall apply with respect to such portion as if it were a separate fund.
Appears in 1 contract
Sources: Employees' Savings & Profit Sharing Plan (BCSB Bankcorp Inc)
Partial Termination. The Employer may terminate the Plan in part without causing a complete termination of the Plan. In the event a partial termination occurs, the Plan Administrator shall determine the portion of the Plan assets attributable to the Members affected by such partial termination and the provisions of Section 11.3 shall apply with respect to such portion as if it were a separate fund.. 60
Appears in 1 contract
Sources: Employees' Savings & Profit Sharing Plan (HMN Financial Inc)
Partial Termination. The Employer may terminate the Plan in part without causing a complete termination of the Plan. In the event a partial termination occurs, the Plan Administrator shall determine the portion of the Plan assets attributable to the Members affected by such partial termination and the provisions of Section 11.3 11. 3 shall apply with respect to such portion as if it were a separate fund.
Appears in 1 contract
Partial Termination. The Employer may terminate the Plan in part without causing a complete termination of the Plan. In the event a partial termination occurs, the Plan Administrator shall determine the portion of the Plan assets attributable to the Members affected by such partial termination and the provisions of Section 11.3 shall apply with respect to such portion as if it were a separate fund.of
Appears in 1 contract
Sources: Employees' Savings & Profit Sharing Plan (First Community Financial Corp /Nc/)