Common use of Approval Required Before Payment of Benefits Clause in Contracts

Approval Required Before Payment of Benefits. (a) Bureau of Internal Revenue. No Benefits will be put into effect until the Contributions or payments hereunder by the Employers shall have been approved by the U.S. Treasury Department, Bureau of Internal Revenue, as proper deductions by the Employers as business expenses for income tax purposes. In the event such approval is not obtained, the Union and the Employers agree to make such amendments and revisions of this Agreement and Declaration of Trust as are necessary to obtain such approval. For the purpose of this Section, the Employers agree to have one Employer promptly file a request for such approval and request the Bureau to rule, in addition, that all other Employers contributing to this Plan may be deemed covered by the same ruling. Upon receipt of such ruling from the Bureau, the Employer shall promptly notify the Directors and the Directors shall consider same as compliance with this Section. 60 Section AMENDED 9/26/74 (Amendment XXV) 61 Section AMENDED 3/9/55 (Amendment I) Section AMENDED 12/1/59 (Amendment IV) Section AMENDED 3/26/61 (Amendment VI) Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXV)

Appears in 1 contract

Samples: Motion Picture Industry

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Approval Required Before Payment of Benefits. (a) Bureau of Internal Revenue. No Benefits will be put into effect until the Contributions or payments hereunder by the Employers shall have been approved by the U.S. Treasury Department, Bureau of Internal Revenue, as proper deductions by the Employers as business expenses for income tax purposes. In the event such approval is not obtained, the Union and the Employers agree to make such amendments and revisions of this Agreement and Declaration of Trust as are necessary to obtain such approval. For the purpose of this Section, the Employers agree to have one Employer promptly file a request for such approval and request the Bureau to rule, in addition, that all other Employers contributing to this Plan may be deemed covered by the same ruling. Upon receipt of such ruling from the Bureau, the Employer shall promptly notify the Directors and the Directors shall consider same as compliance with this Section. 60 Section AMENDED 9/26/74 (Amendment XXV) 61 Section AMENDED 3/9/55 (Amendment I) Section AMENDED 12/1/59 (Amendment IV) Section AMENDED 3/26/61 (Amendment VI) Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXVCXXX)

Appears in 1 contract

Samples: Motion Picture Industry

Approval Required Before Payment of Benefits. (a) Bureau of Internal Revenue. No Benefits will be put into effect until the Contributions or payments hereunder by the Employers shall have been approved by the U.S. Treasury Department, Bureau of Internal Revenue, as proper deductions by the Employers as business expenses for income tax purposes. In the event such approval is not obtained, the Union and the Employers agree to make such amendments and revisions of this Agreement and Declaration of Trust as are necessary to obtain such approval. For the purpose of this Section, the Employers agree to have one Employer promptly file a request for such approval and request the Bureau to rule, in addition, that all other Employers contributing to this Plan may be deemed covered by the same ruling. Upon receipt of such ruling from the Bureau, the Employer shall promptly notify the Directors and the Directors shall consider same as compliance with this Section. 60 Section AMENDED 9/26/74 (Amendment XXV) 61 Section AMENDED 3/9/55 (Amendment I) Section AMENDED 12/1/59 (Amendment IV) Section AMENDED 3/26/61 (Amendment VI) Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXVCXXXII)

Appears in 1 contract

Samples: Motion Picture Industry

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Approval Required Before Payment of Benefits. (a) Bureau of Internal Revenue. No Benefits will be put into effect until the Contributions or payments hereunder by the Employers shall have been approved by the U.S. Treasury Department, Bureau of Internal Revenue, as proper deductions by the Employers as business expenses for income tax purposes. In the event such approval is not obtained, the Union and the Employers agree to make such amendments and revisions of this Agreement and Declaration of Trust as are necessary to obtain such approval. For the purpose of this Section, the Employers agree to have one Employer promptly file a request for such approval and request the Bureau to rule, in addition, that all other Employers contributing to this Plan may be deemed covered by the same ruling. Upon receipt of such ruling from the Bureau, the Employer shall promptly notify the Directors and the Directors shall consider same as compliance with this Section. 60 Section AMENDED 9/26/74 (Amendment XXV) 61 Section AMENDED 3/9/55 (Amendment I) Section AMENDED 12/1/59 (Amendment IV) Section AMENDED 3/26/61 (Amendment VI) Agreement and Declaration of Trust (Inclusive of Amendments I through CXXXVCXXXVI)

Appears in 1 contract

Samples: Motion Picture Industry Health Plan

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