Common use of EMPLOYEE PLAN FIDUCIARY CONDITION Clause in Contracts

EMPLOYEE PLAN FIDUCIARY CONDITION. The appropriate fiduciaries of the Profit Sharing Plan shall have received a current valuation report and fairness opinion in such form as may be acceptable to such fiduciaries from a source acceptable to such fiduciaries and such fiduciaries shall have determined, in the exercise of their sole discretion, that the consummation of the transactions contemplated herein at the Closing is fair to and in the best interests of the participants and beneficiaries of the Profit Sharing Plan.

Appears in 7 contracts

Samples: Agreement and Plan of Reorganization (Consolidation Capital Corp), Agreement and Plan of Reorganization (Consolidation Capital Corp), Agreement and Plan of Reorganization (Consolidation Capital Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.