The employer intends that this plan, as the same may, from time to time, be amended, shall constitute a qualified plan under the provisions of I.R.C. § 401(a), with a qualified cash or deferred arrangement under the provisions of I.R.C. § 401(k), and shall be in full compliance with the provisions of ERISA. The employer also intends that this plan shall continue to be maintained for the above purposes indefinitely, subject always, however, to the rights reserved in the Board to amend and terminate as set forth below.
(Ord. MET 86-13, passed 5-30-1986)