Qualified Retirement Plan Sample Clauses

Qualified Retirement Plan. Employee shall be eligible for distribution of any vested account balance under any qualified retirement plan (such as a 401(k) plan) sponsored by the Company, pursuant to the terms and conditions of applicable plan documents.

Qualified Retirement Plan. In addition to completing, signing, and dating your qualified retirement plan’s adoption agreement, there are a few other key items to be aware of. In general, every plan fiduciary, administrator, officer, or employee who handles funds or other property of the plan must be bonded for at least 10 percent of the amount the individual handles. The minimum bond amount, irrespective of plan asset value, is $1,000. The maximum amount required is $500,000 ($1,000,000 for a plan that holds employer securities). You can obtain a fidelity bond from your insurance agent. The bond should be in the plan’s name (not the company’s name).

Qualified Retirement Plan. A 401(a) Qualified Retirement Plan shall be a benefit of the faculty (e.g., the Bencor Plan).

Qualified Retirement Plan. The College shall sponsor a 401(a) Qualified Retirement Plan (i.e., Bencor).

Qualified Retirement Plan. Olin and Arch shall take all -------------------------- steps necessary or appropriate so that the provisions of this Section 2.1 are implemented in a timely fashion, as more fully set forth below.

Qualified Retirement Plan. Executive shall be eligible for distribution of any vested account balance under any qualified retirement plan (such as a 401(k) plan) sponsored by the Company, pursuant to the terms and conditions of such plan documents.

Qualified Retirement Plan. A. SECTION 401(a) PLAN: Pursuant to the Prior Agreement, the Corporation maintained and funded a qualified retirement plan, as described in Code section 401(a) (the “401(a) Plan”). Contributions to the 401(a) Plan will continue to be made in the future, but the amount and rights thereto will be dependent upon the age and employment status of teachers as of January 1, 2000, with the different classes defined as follows:

Qualified Retirement Plan. The ▇▇▇▇▇▇▇▇ Profit Sharing Plan and Trust (the "Plan and Trust") shall be continued by ▇▇▇▇▇▇▇▇ for at least twelve months from the Effective Time (the "Continuation Period") with respect to the ▇▇▇▇▇▇▇▇ employees at the Effective Time (except for LSRL employees), and the ▇▇▇▇▇▇▇▇ employees shall continue to participate in the Plan and Trust during such time. After the Continuation Period, neither ▇▇▇▇▇▇▇▇ nor Buyer will have any obligation to continue the Plan and Trust. At Buyer's discretion, after the Continuation Period ▇▇▇▇▇▇▇▇ may continue the Plan and Trust, freeze it, terminate it, or merge it into any other qualified plan in which Buyer's employees are eligible to participate. At the Effective Time, LSRL employees shall cease to participate in the Plan and Trust. After the Continuation Period, ▇▇▇▇▇▇▇▇ employees shall be eligible to participate in Buyer's 401(k) plan, except to the extent Buyer has elected to continue the Plan and Trust beyond the Continuation Period in which case the ▇▇▇▇▇▇▇▇ employees will remain eligible under the Plan and Trust. When ▇▇▇▇▇▇▇▇ employees do become eligible to participate in Buyer's 401(k) plan, they shall be given credit for their service with ▇▇▇▇▇▇▇▇ toward eligibility requirements and vesting in Buyer's 401(k) plan.

Qualified Retirement Plan. Employee shall participate fully in all tax- qualified retirement plans provided by Employer to other employees, with benefits commensurate with the Employee's title and compensation.