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 in the opinion of the Employer, such amendment is necessary to ensure the Plan is treated as a non qualified Plan of Deferred Compensation under the Code and ERISA. 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: Nonqualified Supplemental Retirement Plan (Sensus Metering Systems Inc)

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Amendment Required by Law. Notwithstanding Section 9.1, the Plan may be amended at any time, if in the opinion of the Employer, such amendment is necessary to ensure the Plan is treated as a non qualified Plan nonqualified 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: Deferred Income Plan (SCBT Financial Corp)

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 non qualified Plan nonqualified 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: Deferred Income Plan (SCBT Financial Corp)

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Amendment Required by Law. Notwithstanding Section 9.18.1, the Plan may be amended at any time, if in the opinion of the Employer, such amendment is necessary to ensure the Plan is treated as a non non-qualified Plan of Deferred Compensation plan under the Code and ERISA, or other law applicable to a 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: Supplemental Executive Retirement Plan (Georgia-Carolina Bancshares, Inc)

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