Common use of QUALIFICATION AND RETURN OF CONTRIBUTIONS Clause in Contracts

QUALIFICATION AND RETURN OF CONTRIBUTIONS. 20.1 If the Plan and the related Trust fail to receive the initial approval of the Internal Revenue Service as a qualified plan and trust within one (1) year after the date of denial of qualification (a) the contribution of a Plan Sponsor after payment of all expenses will be returned to a Plan Sponsor free of the Plan and Trust, (b) contributions made by a Member shall be returned to the Member who made the contributions, and (c) the Plan and Trust shall thereupon terminate.

QUALIFICATION AND RETURN OF CONTRIBUTIONS. 20.1 18.1 If the Plan and the related Trust fail to receive the initial approval of the Internal Revenue Service as a qualified plan and trust within one (1) year after the date of denial of qualification (a) the contribution of a Plan Sponsor after payment of all expenses will be returned to a Plan Sponsor free of the Plan and Trust, (b) contributions made by a Member shall be returned to the Member who made the contributions, and (c) the Plan and Trust shall thereupon terminate.

QUALIFICATION AND RETURN OF CONTRIBUTIONS. 20.1 15.1 If the Plan and the related Trust fail to receive the initial approval of the Internal Revenue Service as a qualified plan and trust within one (1) year after the date of denial of qualification (a) the contribution of a Plan Sponsor after payment of all expenses will be returned to a Plan Sponsor free of the Plan and Trust, (b) contributions made by a Member shall be returned to the Member who made the contributions, and (c) the Plan and Trust shall thereupon terminate.

QUALIFICATION AND RETURN OF CONTRIBUTIONS. 20.1 19.1 If the Plan and the related Trust fail to receive the initial approval of the Internal Revenue Service as a qualified plan and trust within one (1) year after the date of denial of qualification (a) the contribution of a Plan Sponsor after payment of all expenses will be returned to a Plan Sponsor free of the Plan and Trust, (b) contributions made by a Member shall be returned to the Member who made the contributions, and (c) the Plan and Trust shall thereupon terminate.

QUALIFICATION AND RETURN OF CONTRIBUTIONS. 20.1 16.1.....If the Plan and the related Trust fail to receive the initial approval of the Internal Revenue Service as a qualified plan and trust plan, within one (1) year after the date of denial of qualification (a) qualification, the contribution of by a Plan Sponsor after payment of all expenses will be returned to a the Plan Sponsor free of the Plan and the Trust, (b) contributions made by a Member shall be returned to the Member who made the contributions, and (c) the Plan and Trust shall thereupon terminate.