17:9A-27.11 - Disposition of contributions of employer
17:9A-27.11.Ā Disposition of contributions of employer
A plan may, but need not, provide that, upon termination of employment of anĀ employee for any cause specified in such plan, other than retirement pursuantĀ to such plan, or upon the death of such employee prior to retirement, all orĀ part of the contribution made by the bank on behalf of such employee, shall beĀ paid, in the manner provided by such plan, to such employee, or to aĀ beneficiary or beneficiaries designated by him.
L.1953, c. 124, p. 1315, s. 11.
Ā
A plan may, but need not, provide that, upon termination of employment of anĀ employee for any cause specified in such plan, other than retirement pursuantĀ to such plan, or upon the death of such employee prior to retirement, all orĀ part of the contribution made by the bank on behalf of such employee, shall beĀ paid, in the manner provided by such plan, to such employee, or to aĀ beneficiary or beneficiaries designated by him.
L.1953, c. 124, p. 1315, s. 11.
Ā