{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "benefit-plan", "type": "definition", "offset": [5, 17]}, {"key": "insurance-contract", "type": "definition", "offset": [52, 70]}, {"key": "the-requirements", "type": "clause", "offset": [98, 114]}, {"key": "section-401a", "type": "clause", "offset": [118, 131]}, {"key": "the-code", "type": "clause", "offset": [136, 144]}, {"key": "at-all-times", "type": "clause", "offset": [150, 162]}, {"key": "in-all-material-respects", "type": "definition", "offset": [173, 197]}, {"key": "terms-and", "type": "clause", "offset": [206, 215]}, {"key": "knowledge-of-the-stockholders", "type": "definition", "offset": [228, 257]}, {"key": "applicable-requirements", "type": "clause", "offset": [280, 303]}, {"key": "related-sections", "type": "clause", "offset": [329, 345]}, {"key": "at-the-closing-date", "type": "clause", "offset": [392, 411]}, {"key": "federal-income-taxation", "type": "clause", "offset": [434, 457]}, {"key": "in-accordance-with", "type": "clause", "offset": [593, 611]}, {"key": "the-applicable", "type": "clause", "offset": [612, 626]}, {"key": "requirements-of-the", "type": "clause", "offset": [627, 646]}, {"key": "tax-reform-act-of-1986", "type": "definition", "offset": [647, 669]}, {"key": "applicable-legislation", "type": "definition", "offset": [685, 707]}], "samples": [{"hash": "6rM0PSQKGGH", "uri": "/contracts/6rM0PSQKGGH#qualified-status", "label": "Agreement and Plan of Reorganization (Newpark Resources Inc)", "score": 18.0, "published": true}, {"hash": "2BFUxvD7n55", "uri": "/contracts/2BFUxvD7n55#qualified-status", "label": "Agreement and Plan of Reorganization (Newpark Resources Inc)", "score": 18.0, "published": true}], "size": 3, "snippet": "Each Benefit Plan that is funded through a trust or insurance contract and is intended to satisfy the requirements of Section 401(a) of the Code, has at all times satisfied in all material respects, by its terms and to the best knowledge of the Stockholders in its operation, all applicable requirements under Section 401(a) and related sections of the Code, and any such trust has been and, at the Closing Date, shall be exempt from federal income taxation under Section 501(a) of the Code. All such plans have been operated to the best knowledge of the Stockholders in all material respects in accordance with the applicable requirements of the Tax Reform Act of 1986 and subsequent applicable legislation.", "hash": "f078230dba3228cfe736c1874dad935c", "id": 1}, {"snippet_links": [{"key": "benefit-plan", "type": "definition", "offset": [9, 21]}, {"key": "insurance-contract", "type": "definition", "offset": [56, 74]}, {"key": "at-all-times", "type": "clause", "offset": [79, 91]}, {"key": "in-all-respects", "type": "clause", "offset": [102, 117]}, {"key": "terms-and", "type": "clause", "offset": [126, 135]}, {"key": "requirements-for", "type": "clause", "offset": [169, 185]}, {"key": "exemption-from-federal-income-taxation", "type": "clause", "offset": [189, 227]}, {"key": "the-code", "type": "clause", "offset": [252, 260]}, {"key": "erisa-affiliate", "type": "definition", "offset": [286, 301]}, {"key": "meets-the-requirements", "type": "definition", "offset": [337, 359]}, {"key": "section-401a", "type": "clause", "offset": [363, 376]}, {"key": "determination-letter", "type": "clause", "offset": [415, 435]}, {"key": "issued-by", "type": "clause", "offset": [436, 445]}, {"key": "related-trust", "type": "definition", "offset": [547, 560]}, {"key": "in-effect", "type": "clause", "offset": [626, 635]}, {"key": "required-by", "type": "definition", "offset": [792, 803]}, {"key": "according-to", "type": "definition", "offset": [931, 943]}, {"key": "those-terms", "type": "clause", "offset": [966, 977]}, {"key": "in-accordance-with", "type": "clause", "offset": [1168, 1186]}, {"key": "the-provisions-of", "type": "clause", "offset": [1187, 1204]}, {"key": "compliance-with", "type": "clause", "offset": [1365, 1380]}, {"key": "plan-year", "type": "definition", "offset": [1474, 1483]}, {"key": "prior-to-the-effective-date", "type": "clause", "offset": [1491, 1518]}], "samples": [{"hash": "2Kddy1ycv6r", "uri": "/contracts/2Kddy1ycv6r#qualified-status", "label": "Merger Agreement (World Access Inc)", "score": 18.0, "published": true}], "size": 3, "snippet": "Each CIS Benefit Plan that is funded through a trust or insurance contract has at all times satisfied in all respects, by its terms and in its operation, all applicable requirements for an exemption from federal income taxation under Section 501(a) of the Code. Neither CIS nor any CIS ERISA Affiliate maintains a CIS Benefit Plan which meets the requirements of Section 401(a) of the Code (each a \"401 Plan\"). Any determination letter issued by the IRS to the effect that any such 401 Plan qualifies under Section 401(a) of the Code and that the related trust is exempt from taxation under Section 501(a) of the Code remains in effect and has not been revoked. Each such 401 Plan, if any, currently complies in form with the requirements under Section 401(a) of the Code, other than changes required by statutes, regulations and rulings for which amendments are not yet required. Each such 401 Plan, if any, has been administered according to its terms (except for those terms which are inconsistent with the changes required by statutes, regulations and ruling for which changes are not yet required to be made, in which case any such 401 Plan has been administered in accordance with the provisions of those statutes, regulations and rulings) and in accordance with the requirements of Section 401(a) of the Code. Each such 401 Plan, if any, has been tested for compliance with, and has satisfied the requirements of, Section 401(k)(3) and 401(m)(2) of the Code for each plan year ending prior to the Effective Date.", "hash": "72e93558af9005f4038f923e09aa1613", "id": 2}, {"snippet_links": [{"key": "current-benefit-plan", "type": "definition", "offset": [5, 25]}, {"key": "section-401", "type": "clause", "offset": [62, 73]}, {"key": "the-requirements", "type": "clause", "offset": [96, 112]}, {"key": "determination-letter", "type": "clause", "offset": [160, 180]}, {"key": "the-acquiror", "type": "clause", "offset": [280, 292]}, {"key": "disclosure-letter", "type": "clause", "offset": [295, 312]}, {"key": "receipt-of", "type": "clause", "offset": [329, 339]}, {"key": "most-recent", "type": "definition", "offset": [344, 355]}, {"key": "adversely-affect", "type": "definition", "offset": [452, 468]}], "samples": [{"hash": "fD5Y8cwdXJP", "uri": "/contracts/fD5Y8cwdXJP#qualified-status", "label": "Agreement 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Incentive Stock Options are exercisable for the first time by the Employee during any calendar year under all stock option plans of the Company may not exceed One Hundred Thousand Dollars ($100,000). If the aggregate Fair Market Value of the Option Shares exceeds $100,000, then the Option shall, to the extent and in the order required by the Regulations (or any other authority having the force of Regulations), automatically be deemed to be Non-Qualified Stock Options, but all other terms and provisions of the Option shall remain unchanged. In the absence of such Regulations (or authority), or in the event such Regulations (or authority) require or permit a designation of the Option which shall cease to constitute Incentive Stock Options, then the Option shall, to the extent of such excess and in the order in which they were granted, automatically be deemed to be Non-Qualified Stock Options, but all other terms and provisions of the Option shall remain unchanged.", "hash": "907a33f96094c10de575fb6a500742e4", "id": 5}, {"snippet_links": [{"key": "current-benefit-plan", "type": "definition", "offset": [5, 25]}, {"key": "section-401", "type": "clause", "offset": [62, 73]}, {"key": "the-requirements", "type": "clause", "offset": [96, 112]}, {"key": "an-individual", "type": "clause", "offset": [186, 199]}, {"key": "determination-letter", "type": "clause", "offset": [210, 230]}, {"key": "adoption-of-the", "type": "clause", "offset": [266, 281]}, {"key": "adversely-affect", "type": "definition", "offset": [357, 373]}], 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"Except as disclosed in (S) 3(w)(vii) of the Disclosure Schedule, each Company Benefit Plan that is funded through a trust or insurance contract has at all times satisfied in all material respects, by its terms and in its operation, all applicable requirements for an exemption from federal income taxation under (S) 501(a) of the Code. Except as disclosed in (S) 3(w)(vii) of the Disclosure Schedule, neither the Company, nor any Company Subsidiary, nor any Company ERISA Affiliate maintains or previously maintained a Company Benefit Plan which meets or was intended to meet the requirements of (S) 401(a) of the Code (collectively, \"Company Qualified Plans\"). Each determination letter issued by the IRS to the effect that a Company Qualified Plan qualifies under (S) 401(a) of the Code and that the related trust is exempt from taxation under (S) 501(a) of the Code remains in effect and has not been revoked. Each Company Qualified Plan currently complies in form with the requirements under (S) 401(a) of the Code, other than changes required by statutes, regulations and rulings for which amendments are not yet required. Each Company Qualified Plan has been administered according to its terms (except for those terms which are inconsistent with the changes required by statutes, regulations, and rulings for which changes are not yet required to be made, in which case the Company Qualified Plan has been administered in accordance with the provisions of those statutes, regulations and rulings) and in accordance with the requirements of (S) 401(a) of the Code. Each Company Qualified Plan containing a cash or deferred arrangement under (S) 401(k) of the Code or pursuant to which matching or employee contributions are permissible has been tested for compliance with, and has satisfied the requirements of, (S)(S) 401(k)(3) and 401(m)(2) of the Code for each plan year ending prior to the Closing Date.", "hash": "afe8464722ee587669b89bd3edbcca02", "id": 9}, {"snippet_links": [{"key": "the-plans", "type": "clause", "offset": [0, 9]}, {"key": "qualified-plans", "type": "definition", "offset": [14, 29]}, {"key": "meaning-of", "type": "clause", "offset": [41, 51]}, {"key": "section-401a", "type": "clause", "offset": [52, 65]}, {"key": "the-code", "type": "clause", "offset": [70, 78]}, {"key": "funding-vehicles", "type": "clause", "offset": [87, 103]}, {"key": "federal-income-taxation", "type": "clause", "offset": [190, 213]}, {"key": "pursuant-to-the-provisions-of-section", "type": "clause", "offset": [214, 251]}], "samples": [{"hash": "1ZRqfGTZjJ1", "uri": "/contracts/1ZRqfGTZjJ1#qualified-status", "label": "Stock Purchase Agreement (Multi Link Telecommunications Inc)", "score": 16.0, "published": true}], "size": 1, "snippet": "The Plans are qualified plans within the meaning of Section 401(a) of the Code and all funding vehicles (trusts or otherwise) in which assets of either of the Plans are held are exempt from federal income taxation pursuant to the provisions of Section 501(a) of the Code.", "hash": "f5ce687e6bc4860c627c7498e6cd953b", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlxdWFsaWZpZWQtc3RhdHVzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [], "parents": [["employee-benefit-plans", "Employee Benefit Plans"], ["option-exercise-limitations-vesting-forfeiture", "Option Exercise Limitations Vesting Forfeiture"], ["representations-and-warranties-of-holdco", "REPRESENTATIONS AND WARRANTIES OF HOLDCO"], ["representations-and-warranties-of-the-shareholders", "REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDERS"], ["employees-labor-matters-employee-benefit-plans-and-related-matters", "Employees Labor Matters Employee Benefit Plans and Related Matters"]], "size": 29, "title": "Qualified Status", "id": "qualified-status", "related": [["disqualified-stock", "Disqualified Stock", "Disqualified Stock"], ["qualified-small-business", "Qualified Small Business", "Qualified Small Business"], ["non-qualified-stock-option", "Non-Qualified Stock Option", "Non-Qualified Stock Option"], ["non-qualified-stock-options", "Non-Qualified Stock Options", "Non-Qualified Stock Options"], ["qualified-small-business-stock", "Qualified Small Business Stock", "Qualified Small Business Stock"]], "related_snippets": [], "updated": "2026-03-14T05:16:51+00:00"}, "json": true, "cursor": ""}}