Common use of Qualification of Certain Plans Clause in Contracts

Qualification of Certain Plans. Each Company Benefit Plan that is intended to be qualified under section 401(a) of the Code or section 401(k) of the Code has received a favorable determination letter from the IRS covering all of the provisions applicable to the Company Benefit Plan, and no fact or event has occurred since the date of such determination letter or letters from the IRS that is likely to adversely affect the qualified status of any such Company Benefit Plan or the exempt status of any such trust.

Appears in 3 contracts

Samples: Merger Agreement (Hub International LTD), Merger Agreement (Kaye Group Inc), Merger Agreement (Hub International LTD)

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Qualification of Certain Plans. Each Company Benefit Plan that is intended to be qualified under section Section 401(a) of the Code or section Section 401(k) of the Code has received a favorable determination letter from the IRS covering all of Internal Revenue Service (the provisions applicable to "IRS") that the Company Benefit PlanPlan is so qualified and, and to the knowledge of the Company, no fact or event has occurred since the date of such determination letter or letters from the IRS that is likely to adversely affect the qualified status of any such Company Benefit Plan or the exempt status of any such trust.

Appears in 1 contract

Samples: Merger Agreement (Oak Industries Inc)

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