Intent of the Plan Sample Clauses

Intent of the Plan. The Plan is intended to meet the requirements of a cafeteria plan under Section 125 of the Internal Revenue Code of 1986, as amended (the “Code”) and is to be interpreted in a manner consistent with the requirements of applicable law. This Plan and the Benefit Plans ancillary hereto are to be treated as a single Plan.
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Intent of the Plan. The Plan is intended to meet the requirements of a health care flexible spending account plan under Sections 125, 105 and 223 of the Internal Revenue Code of 1986, as amended (the “Code”) and ERISA (to the extent ERISA applies to this Plan) and is to be interpreted in a manner consistent with applicable laws. The Plan permits both general purpose Benefit elections and limited purpose Benefit elections (by Participants who participate in a Health Savings Account).
Intent of the Plan 

Related to Intent of the Plan

  • Purpose of the Plan The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

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