Common use of Amendment Required by Law Clause in Contracts

Amendment Required by Law. Notwithstanding Section 9.1, the Plan may be amended at any time if such amendment is necessary to ensure the Plan is treated as a nonqualified plan of deferred compensation under the Code and ERISA, or to bring it into conformance with SEC requirements for such plans. This includes the right to amend this Plan, so that any Trust, if applicable, created in conjunction with this Plan, will be treated as a grantor Trust under Sections 671 through 679 of the Code, and to otherwise conform the Plan provisions and such Trust, if applicable, to the requirements of any applicable law.

Appears in 1 contract

Samples: SCBT Financial Corp

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Amendment Required by Law. Notwithstanding Section 9.18.1, the Plan may be amended at any time time, if the opinion of the Employer, such amendment is necessary to ensure the Plan is treated as a nonqualified non-qualified plan of deferred compensation under the Code and ERISA, or other law applicable to bring it into conformance with SEC requirements for such plansa non-qualified plan. This includes the right to amend this Plan, so that any Trust, if applicable, created in conjunction with this Plan, will be treated as a grantor Trust trust under Sections 671 through 679 of the Code, and to otherwise conform the Plan provisions and such Trust, if applicable, to the requirements of any applicable law.

Appears in 1 contract

Samples: Agreement (Georgia-Carolina Bancshares, Inc)

Amendment Required by Law. Notwithstanding Section 9.1, the Plan may be amended at any time time, if in the opinion of the Employer, such amendment is necessary to ensure the Plan is treated as a nonqualified plan of deferred compensation under the Code and ERISA, or to bring it into conformance with SEC requirements for such plans. This includes the right to amend this Plan, so that any Trust, if applicable, created in conjunction with this Plan, will be treated as a grantor Trust under Sections 671 through 679 of the Code, and to otherwise conform the Plan provisions and such Trust, if applicable, to the requirements of any applicable law.

Appears in 1 contract

Samples: SCBT Financial Corp

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Amendment Required by Law. Notwithstanding Section 9.1, the Plan may be amended at any time time, if in the opinion of the Employer, such amendment is necessary to ensure the Plan is treated as a nonqualified plan non qualified Plan of deferred compensation Deferred Compensation under the Code and ERISA, or to bring it into conformance with SEC requirements for such plans. This includes the right to amend this Plan, so that any Trust, if applicable, created in conjunction with this Plan, will be treated as a grantor Trust under Sections 671 through 679 of the Code, and to otherwise conform the Plan provisions and such Trust, if applicable, to the requirements of any applicable law.

Appears in 1 contract

Samples: Sensus Metering Systems Inc

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