The plan may be terminated, at any time, by a duly adopted resolution of the Board; and a complete discontinuance of employer contributions hereunder will constitute a termination of the plan. In the event of any such termination, or a partial termination, of the plan, notwithstanding anything herein to the contrary, the interests of all participants hereunder affected thereby shall be fully vested and no part of any such participant’s salary deferral contribution account shall be thereafter forfeited for any reason whatsoever. Upon such termination, the applicable assets of the fund shall be held by the Trustees for the benefit of the affected participants in the same manner and with the same powers, rights, duties and privileges herein prescribed, until the appropriate portion of the fund has been fully distributed pursuant to the provisions of §§ 33.115 through 33.122.
(Ord. MET 86-13, passed 5-30-1986)