RT » Topics » SECTION 12 AMENDMENT TO OR TERMINATION OF THE PLAN
This excerpt taken from the RT 8-K filed Jan 18, 2005.
SECTION 12 AMENDMENT TO OR
TERMINATION OF THE PLAN
The Primary Sponsor reserves the right at any time to modify or amend or terminate the
Plan. No such modifications or amendments shall have the effect of retroactively changing
or depriving Members or Beneficiaries of benefits already accrued under the Plan. No Plan
Sponsor other than the Primary Sponsor shall have the right to so modify, amend or
terminate the Plan. Notwithstanding the foregoing, each Plan Sponsor may terminate its own
participation in the Plan.
Each Plan Sponsor other than the Primary Sponsor shall have the right to terminate its
participation in the Plan by resolution of its board of directors or other appropriate
governing body and notice in writing to the Primary Sponsor. Any termination by a Plan
Sponsor shall not be a termination as to any other Plan Sponsor.
If the Plan is terminated by the Primary Sponsor it shall terminate as to all Plan Sponsors.
Upon the termination of the Plan by a Plan Sponsor, all contributions by such Plan Sponsor
and all contributions by the Members attributable to the Plan Sponsor shall cease
immediately. Distributions from the Plan shall continue to occur pursuant to the
provisions of Plan Section 6 and Plan Section 7, as applicable.
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