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.
Appears in 6 contracts
Samples: 401(k) Savings Plan Amendment and Restatement (Quanex Corp), Hourly Bargaining Unit Employees Savings Plan (Quanex Corp), 401(k) Savings Plan Amendment and Restatement (Quanex Corp)
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 withholding 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.
Appears in 5 contracts
Samples: 401(k) Savings Plan (Kaneb Services LLC), 401(k) Savings Plan (Kaneb Services LLC), 401(k) Savings Investment Plan (Xanser Corp)
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 ’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.
Appears in 4 contracts
Samples: 401(k) Savings Plan (Quanex Corp), 401(k) Savings Plan (Quanex Corp), Employee Savings Plan (Quanex Corp)
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 withholding under the Code; and
(d) excludable from any Employee's ’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.
Appears in 3 contracts
Samples: 401(k) Savings Investment Plan (Furmanite Corp), 401(k) Savings Plan (Mens Wearhouse Inc), 401(k) Savings Investment Plan Amendment (Furmanite Corp)
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 withholding under the Code; andand XI-1
(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.
Appears in 1 contract
Samples: 401(k) Savings Plan Amendment and Restatement (Mens Wearhouse Inc)
Mandatory Amendments. The Contributions of each Employer to the this 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 withholding under the Code; and
(d) excludable from any Employee's ’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.
Appears in 1 contract
