Common use of Plan Amendments Clause in Contracts

Plan Amendments. The Employer may establish a Fresh Start Date at anytime; provided that all Participants of the Plan with at least one Hour of Service after the Fresh Start Date are covered, or the group so covered does not discriminate in favor of Highly Compensated Employees. Such Fresh Start Date is the last day of the Plan Year preceding an amendment changing the benefit formula under the Plan (or any of its components such as the definition of Compensation) is effective. The latest Fresh Start Date of the Plan is used in the benefit formula above and is:

Plan Amendments. The Employer may establish a Fresh Start Date at anytimeany time; provided that all Participants of the Plan with at least one Hour of Service after the Fresh Start Date are covered, or the group so covered does not discriminate in favor of Highly Compensated Employees. Such Fresh Start Date is the last day of the Plan Year preceding an amendment changing the benefit formula under the Plan (or any of its components such as the definition of Compensation) is effective. The latest Fresh Start Date of the Plan is used in the benefit formula above and is:: / / . SAMPLE