Common use of EXECUTION OF ADOPTION AGREEMENT Clause in Contracts

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Savings Bank of NJ Employees' Savings & Profit Sharing Plan and Trust (the "Plan"). The Employer hereby represents and agrees that it will assume full fiduciary responsibility for the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001-77, 2001-30 I.R.B. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001-77. In order to have reliance in such circumstances or with respect to such qualification requirements, application for a determination letter must be made to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Savings Bank Name of NJ Employer Employees' Savings & Profit Sharing Plan and Trust (the "Plan"). The Employer hereby represents and agrees that it will assume full fiduciary responsibility for the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The Employer further acknowledges that any opinion letter issued with respect to the Adoption Agreement and the Employees' Savings and Profit Sharing Plan - Basic Plan Document by the Internal Revenue Service ("IRS") to Pentegra Services, Inc., as sponsor of the Employees' Savings & Profit Sharing Plan, does not constitute a ruling or a determination with respect to the tax-qualified status of the Plan as adopted by the Employer. Further, the adopting Employer may not rely on an opinion letter issued by the National Office of the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001-77, 2001-30 I.R.B. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001-77Internal Revenue Code. In order to have obtain reliance in such circumstances or with respect to such qualification requirementsplan qualification, application for a determination letter the Employer must be made apply to Employee Plans Determinations of the IRSInternal Revenue Service Key District Office for a determination letter. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Newport Federal Savings Bank of NJ Employees' ’ Savings & Profit Sharing Plan and Trust (the "“Plan"”). The Employer hereby represents and agrees that it will assume full fiduciary responsibility, and Pentegra Services, Inc. assumes no fiduciary responsibility for and shall not have any fiduciary responsibility for, the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001Revenue Procedure 2005-7716, 20012005-30 10 I.R.B. 674. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001Revenue Procedure 2005-7716. In order to have reliance in such circumstances or with respect to such qualification requirementsrequirements with respect to the Plan, application for a an individual determination letter for the Plan must be made by the Employer to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Revere Federal Savings Bank of NJ & Loan Association Employees' Savings & Profit Sharing Plan and Trust (the "Plan"). The Employer hereby represents and agrees that it will assume full fiduciary responsibility for the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for of complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence further acknowledges that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001-77, 2001-30 I.R.B. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the any opinion letter issued with respect to the plan Adoption Agreement and in IRS Announcement 2001-77. In order the Agreement by the Internal Revenue Service ("IRS") to have reliance in such circumstances Pentegra Services, Inc., as sponsor of the Employees' Savings & Profit Sharing Plan, does not constitute a ruling or a determination with respect to such qualification requirements, application for a determination letter must be made to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification tax-qualified status of the Plan and Trust evidenced therebythat the appropriate application must be submitted to the IRS in order to obtain such a ruling or determination with respect to the Plan. THE FAILURE TO PROPERLY COMPLETE THE ADOPTION AGREEMENT MAY RESULT IN DISQUALIFICATION OF THE PLAN AND TRUST EVIDENCED THEREBY. The Sponsor will inform the Employer of any amendments to the Plan or Trust Agreement or of the discontinuance or abandonment of the Plan by the Sponsoror Trust. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Savings Tempo Bank of NJ Employees' ’ Savings & Profit Sharing Plan and Trust (the "“Plan"”). The Employer hereby represents and agrees that it will assume full fiduciary responsibility, and Pentegra Services, Inc. assumes no fiduciary responsibility for and shall not have any fiduciary responsibility for, the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001Revenue Procedure 2005-7716, 20012005-30 10 I.R.B. 674. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001Revenue Procedure 2005-7716. In order to have reliance in such circumstances or with respect to such qualification requirementsrequirements with respect to the Plan, application for a an individual determination letter for the Plan must be made by the Employer to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Savings Bank of NJ Appalachian Bancshares, Inc. Employees' Savings & Profit Sharing Plan and Trust (the "Plan"). The Employer hereby represents and agrees that it will assume full fiduciary responsibility for the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The Employer further acknowledges that any opinion letter issued with respect to the Adoption Agreement and the Employees' Savings and Profit Sharing Plan - Basic Plan Document by the Internal Revenue Service ("IRS") to Pentegra Services, Inc., as sponsor of the Employees' Savings & Profit Sharing Plan, does not constitute a ruling or a determination with respect to the tax-qualified status of the Plan as adopted by the Employer. Further, the adopting Employer may not rely on an opinion letter issued by the National Office of the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001-77, 2001-30 I.R.B. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001-77Internal Revenue Code. In order to have obtain reliance in such circumstances or with respect to such qualification requirementsplan qualification, application for a determination letter the Employer must be made apply to Employee Plans Determinations of the IRSInternal Revenue Service Key District Office for a determination letter. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Ottawa Savings Bank of NJ Employees' ’ Savings & Profit Sharing Plan and Trust (the "“Plan"”). The Employer hereby represents and agrees that it will assume full fiduciary responsibility for the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001-77, 2001-30 I.R.B. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001-77. In order to have reliance in such circumstances or with respect to such qualification requirements, application for a determination letter must be made to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American First Savings Bank of NJ Bank, F.S.B. Employees' ’ Savings & Profit Sharing Plan and Trust (the "“Plan"”). The Employer hereby represents and agrees that it will assume full fiduciary responsibility, and Pentegra Services, Inc. assumes no fiduciary responsibility for and shall not have any fiduciary responsibility for, the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001Revenue Procedure 2005-7716, 20012005-30 10 I.R.B. 674. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001Revenue Procedure 2005-7716. In order to have reliance in such circumstances or with respect to such qualification requirementsrequirements with respect to the Plan, application for a an individual determination letter for the Plan must be made by the Employer to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Savings Bank of NJ SouthBanc Shares, Inc. Employees' Savings & Profit Sharing Plan and Trust (the "Plan"). The Employer hereby represents and agrees that it will assume full fiduciary responsibility for the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for of complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence further acknowledges that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001-77, 2001-30 I.R.B. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the any opinion letter issued with respect to the plan Adoption Agreement and in IRS Announcement 2001-77. In order the Agreement by the Internal Revenue Service ("IRS") to have reliance in such circumstances Pentegra Services, Inc., as sponsor of the Employees' Savings & Profit Sharing Plan, does not constitute a ruling or a determination with respect to such qualification requirements, application for a determination letter must be made to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification tax-qualified status of the Plan and Trust evidenced therebythat the appropriate application must be submitted to the IRS in order to obtain such a ruling or determination with respect to the Plan. THE FAILURE TO PROPERLY COMPLETE THE ADOPTION AGREEMENT MAY RESULT IN DISQUALIFICATION OF THE PLAN AND TRUST EVIDENCED THEREBY. The Sponsor will inform the Employer of any amendments to the Plan or Trust Agreement or of the discontinuance or abandonment of the Plan by the Sponsoror Trust. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx108 Corporate Park Drive White Plains, Xxx Nxx Xxxx 00000 (000) 000-0000

EXECUTION OF ADOPTION AGREEMENT. By execution of this Adoption Agreement by a duly authorized representative of the Employer, the Employer acknowledges that it has established or, as the case may be, amended a tax-qualified retirement plan into the American Savings Bank of NJ Tempo Bank, a FSB Employees' Savings & Profit Sharing Plan and Trust (the "Plan"). The Employer hereby represents and agrees that it will assume full fiduciary responsibility, and Pentegra Services, Inc. assumes no fiduciary responsibility for and shall not have any fiduciary responsibility for, the operation of the Plan and for complying with all duties and requirements imposed under applicable law, including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended, and the Internal Revenue Code of 1986, as amended. In addition, the Employer represents and agrees that it will accept full responsibility for complying with any applicable requirements of federal or state securities law as such laws may apply to the Plan and to any investments thereunder. The adopting Employer may rely on an opinion letter issued by the IRS as evidence that the Plan is qualified under Section 401 of the Code only to the extent provided in IRS Announcement 2001Revenue Procedure 2005-7716, 20012005-30 10 I.R.B. 674.. The Employer may not rely on the opinion letter in certain other circumstances or with respect to certain qualification requirements, which are specified in the opinion letter issued with respect to the plan and in IRS Announcement 2001Revenue Procedure 2005-7716. In order to have reliance in such circumstances or with respect to such qualification requirementsrequirements with respect to the Plan, application for a an individual determination letter for the Plan must be made by the Employer to Employee Plans Determinations of the IRS. The failure to properly complete the Adoption Agreement may result in disqualification of the Plan and Trust evidenced thereby. The Sponsor will inform the Employer of any amendments to the Plan or of the discontinuance or abandonment of the Plan by the Sponsor. Any inquiries regarding the adoption of the Plan should be directed to the Sponsor as follows: Pentegra Services, Inc. 000 100 Xxxxxxxxx Xxxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx 00000 (000) 000-0000