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HBI » Topics » 16.05 Plan Merger, Consolidation, Etc.

This excerpt taken from the HBI 8-K filed Sep 5, 2006.

16.05 Plan Merger, Consolidation, Etc.

In the case of any merger or consolidation with, or transfer of assets or liabilities to, any other Plan, each Participant’s benefits if the Plan terminated immediately after such merger, consolidation or transfer shall be equal to or greater than the benefits he or she would have been entitled to receive if the Plan had terminated immediately before the merger, consolidation or transfer.

 

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