Common use of FAILURE OF PLAN QUALIFICATION Clause in Contracts

FAILURE OF PLAN QUALIFICATION. If the Plan fails to retain its qualified status, the Plan will no longer be considered to be part of a prototype plan, and such Employer can no longer participate under this prototype. In such event, the Plan will be considered an individually designed plan.

Appears in 9 contracts

Samples: Adoption Agreement (Kimball Electronics, Inc.), Merchants & Manufacturers Bancorporation Inc, Qualified Retirement Plan and Trust (Connecticut Water Service Inc / Ct)

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FAILURE OF PLAN QUALIFICATION. If the Plan fails to retain its qualified status, the Plan will no longer be considered to be part of a prototype plan, and such Employer can no longer participate under this prototype. In such event, the Plan will be considered an individually designed plan.. SECTION TEN MISCELLANEOUS

Appears in 7 contracts

Samples: Basic Plan (Tri Continental Corp), Qualified Retirement Plan (Teardrop Golf Co), Exhibit 99 (Peabody Energy Corp)

FAILURE OF PLAN QUALIFICATION. If the Plan fails to retain its qualified status, the Plan will no longer be considered to be part of a prototype plan, and such Employer can no longer participate under this prototype. In such event, the Plan will be considered an are individually designed plan.. SECTION TEN MISCELLANEOUS

Appears in 1 contract

Samples: Qualified Retirement Plan and Trust (Cornell Corrections Inc)

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FAILURE OF PLAN QUALIFICATION. If the Plan fails to attain or retain its qualified status, the Plan will no longer be considered to be part of a prototype plan, and such Employer can no longer participate under this prototype. In such event, the Plan will be considered an individually designed plan.. SECTION TEN MISCELLANEOUS

Appears in 1 contract

Samples: New England Funds Trust I

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