Common use of Qualification Of Employer’s Plan Clause in Contracts

Qualification Of Employer’s Plan. If the adopting Employer fails to attain or retain Internal Revenue Service qualification, such Employer's Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.

Appears in 7 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Professionals Insurance Co Management Group), Adoption Agreement (Shared Technologies Cellular Inc)

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Qualification Of Employer’s Plan. If the adopting Employer fails to attain obtain or retain applicable Internal Revenue Service qualificationqualification as a Prototype Plan, such Employer's ’s Plan shall no longer participate in this Prototype Defined Contribution Plan and will be considered an individually designed plan.

Appears in 6 contracts

Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (Idt Corp), Defined Contribution Plan (Chicopee Bancorp, Inc.)

Qualification Of Employer’s Plan. If the adopting Employer fails to attain or retain Internal Revenue Service qualification, such Employer's Plan shall no longer participate in this Regional Prototype Plan and will be considered an individually designed plan.

Appears in 3 contracts

Samples: Profit Sharing Plan (First Keystone Corp), 401(k) Plan Document (Berkshire Hills Bancorp Inc), Defined Contribution Plan and Trust (First Keystone Corp)

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Qualification Of Employer’s Plan. If the adopting Employer fails to attain obtain or retain applicable Internal Revenue Service qualificationqualification as a Prototype Plan, such Employer's Plan shall no longer participate in this Prototype Defined Contribution Plan and will be considered an individually designed plan.

Appears in 2 contracts

Samples: 401(k) Defined Contribution Plan (Measurement Specialties Inc), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

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