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ARTICLE VII. <br />PLAN AMENDMENT AND TERMINATION <br />7.1 Employer Amendments. The Employer reserves the right to make, from time to time, any <br />amendment or amendments to this Plan, and the Employer expressly may make any amendment <br />it determines necessary or desirable, with or without retroactive effect, to comply with the law. <br />Such amendments shall not affect any right to benefits that accrued prior to such amendments. <br />Such amendment shall be made in writing. <br />7.2 Employer's Right to Terminate. Although the Employer expects the Plan to be maintained for <br />an indefinite time, the Employer reserves the right to terminate the Plan or any portion of the <br />Plan at any time. In the event of the dissolution, merger, consolidation, or reorganization of the <br />Employer, the Plan shall terminate unless the Plan is continued by a successor to the Employer in <br />accordance with the resolution of such successor's managing body. Such termination shall not <br />affect any right to benefits that accrued prior to such termination. Such action shall be taken in <br />writing. <br />v~uui hitesman t~ Associates, P.A. 17 Elk River Municipal Utilities <br />122707 Flexible Benefits Plan <br />