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Common use of Purpose of Section Clause in Contracts

Purpose of Section. This Article is intended to insure that the Plan complies with Code Section 416. If the Plan is or becomes Top-Heavy in any Plan Year, the provisions of this Section will supersede any conflicting provision in the Plan.

Appears in 4 contracts

Samples: Prototype 401(k) Plan (United States Lime & Minerals Inc), 401(k) Plan Adoption Agreement (United States Lime & Minerals Inc), Prototype 401(k) Plan (Associated Estates Realty Corp)

Purpose of Section. This Article Section is intended to insure that the Plan complies with Code Section 416. If the Plan is or becomes Top-Heavy in any Plan YearYear beginning after December 31, 1983, the provisions of this Section will supersede any conflicting provision in the Plan.

Appears in 3 contracts

Samples: Scudder Flexi Plan Agreement (Scudder Portfolio Trust/), Scudder Flexi Plan Agreement (Scudder Equity Trust), Scudder Flexi Plan Agreement (Scudder Investment Trust)

Purpose of Section. This Article is intended to insure that the Plan ------------------ complies with Code Section 416. If the Plan is or becomes Top-Heavy in any Plan Year, the provisions of this Section will supersede any conflicting provision in the Plan.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Chandler Insurance Co LTD)