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: East West Bancorp Inc, Adoption Agreement (Shared Technologies Cellular Inc), Standarized Adoption Agreement (Oregon Trail Financial 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 ’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: Prototype Defined Contribution Plan (Georgetown Bancorp, Inc.), Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.)

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: First Keystone Corp, Berkshire Hills Bancorp Inc, 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: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Measurement Specialties Inc

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