Mandatory Amendments Sample Clauses
Mandatory Amendments. The Contributions of each Employer to the Plan are intended to be:
(a) deductible under the applicable provisions of the Code;
(b) except as otherwise prescribed by applicable law, exempt from the Federal Social Security Act;
(c) except as otherwise prescribed by applicable law, exempt from with- holding under the Code; and
(d) excludable from any Employee's regular rate of pay, as that term is defined under the Fair Labor Standards Act of 1938, as amended. The Sponsor shall make any amendment necessary to carry out this intention, and it may be made retroactively.
Mandatory Amendments. Except as provided in subsection L., if changes in Federal law are enacted that affect the rights and obligations of the parties to this Agreement which require revisions to the Agreement, Agreement must be revised on or before June 30th to incorporate the statutory changes and these revisions will be effective beginning with the next reinsurance year.
Mandatory Amendments. 13.02 Withdrawal of Employer Upon its Rejection of an Amendment ........ 13.03 Termination of Participation in the Plan ......................... 13.04