17:9A-27.11 - Disposition of contributions of employer - New Jersey Statutes

17:9A-27.11.  Disposition of contributions of employer
    A plan may, but need not, provide that, upon termination of employment of an  employee for any cause specified in such plan, other than retirement pursuant  to such plan, or upon the death of such employee prior to retirement, all or  part of the contribution made by the bank on behalf of such employee, shall be  paid, in the manner provided by such plan, to such employee, or to a  beneficiary or beneficiaries designated by him.

     L.1953, c. 124, p. 1315, s. 11.