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R92-18 APPROVING PLANS AND AUTHORIZING AGREEMENTS - SECTION 125 CAFETERIA PLANS
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R92-18 APPROVING PLANS AND AUTHORIZING AGREEMENTS - SECTION 125 CAFETERIA PLANS
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7/25/2016 11:08:35 AM
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Resolution/Ordinance
Res Ord Num
R92-18
Res Ord Title
APPROVING PLANS AND AUTHORIZING AGREEMENTS - SECTION 125 CAFETERIA PLANS
Approved Date
2/17/1992
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: <br /> ,� � � � <br /> � <br /> 5.02 Tarmination. The Plan will terminate on the tirs�t to <br /> c�ccur of the following: <br /> (a) the date it is terminated by the EmplOyer; <br /> (b) the date an Empioy�r is judicially declared <br /> bankrupt or insolvent; or <br /> (c) the dissolution, merger, consolidation Or <br /> radrganizatian of an Employer, or the Shce by dri <br /> Empioyer of ail or substantially all of its <br /> assots, except that in any such event arrangements <br /> may be made whereby the Plan will be contiriued by <br /> any suaaessor cr an �;mployez�� assets, iri which <br /> case the euccessor oz- purcha�er will be �ubstitut8 <br /> for the Employer under the P2an. <br /> If �he Plan is terminated in acc�rdance with subsections (a) <br /> dr (c} above, any amount that has become payable under the Plan <br /> to any person prior to the date of t�rmination shall ba paid by <br /> the Employ�r in accordance with the terms di the Plan as in <br /> effect prior to its termination. <br /> 5.03 Notice of Amendmen or Termination. Particfpants will <br /> be notified of a Plan Amendment or termination within a <br /> reasonable time. <br /> IN WITNESS WHEREOF, the Employer has caused this Agreement <br /> to be executed by its duly authorized officers and itr, corporate <br /> seal to be hereunto affixed as o� this f�+,t{-I <br /> day of F � ,AK __, 19 �Z . <br /> .� <br /> By• - L� y�l��-,.-� <br /> - City Manager . <br /> e <br /> ATTES • <br /> Hy: - <br /> Gity Clerk <br /> -8- <br />
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