Qualification Of Employer’s Plan. The Trustee and/or Custodian, if applicable shall have no liabiltiy with respect to any operational or qualification failure of any Plan established hereunder. If the adopting Employer fails to obtain or retain applicable Internal Revenue Service qualification as a Prototype Plan, such Employer’s Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.
Appears in 4 contracts
Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Prototype Defined Contribution Plan (Athens Bancshares Corp), Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va)
Qualification Of Employer’s Plan. The Trustee and/or Custodian, if applicable shall have no liabiltiy with respect to any operational or qualification failure of any Plan established hereunder. If the adopting Employer fails to obtain or retain applicable Internal Revenue Service qualification as a Prototype Plan, such Employer’s 's Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.
Appears in 3 contracts
Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Savannah Bancorp Inc)
