Savings Plan Trust Clause Samples
Savings Plan Trust. Effective no later than the Close of the Distribution Date, SpinCo shall establish, or cause to be established, the SpinCo Savings Trust which shall be qualified under Code § 401(a), be exempt from taxation under Code § 501(a)(1), and form part of the SpinCo Savings Plan. SpinCo shall, prior to the end of the remedial amendment period for the SpinCo Savings Plan, apply for a determination letter from the Internal Revenue Service that shall provide that the SpinCo Savings Plan and the SpinCo Savings Trust satisfy the requirements for qualification under Code sections 401(a) and 501(a), and SpinCo shall take all actions necessary or appropriate to obtain such letters.
Savings Plan Trust. Prior to the Distribution Date, Certegy shall establish, or cause to be established, a trust qualified under Code (S) 401(a), which shall be exempt from taxation under Code (S) 501(a)(1), and form part of the Certegy Savings Plan. Certegy shall, prior to the end of the remedial amendment period for the Certegy Savings Plan, apply for a determination letter from the Internal Revenue Service that shall provide that the Certegy Savings Plan and its related trust satisfy the requirements for qualification under Code sections 401(a) and 501(a), and Certegy shall take all actions necessary or appropriate to obtain such letter.
Savings Plan Trust. Effective Immediately after the Distribution Date, TRICON shall establish, or cause to be established, a trust qualified under Code Sec. 401(a), exempt from taxation under Code Sec. 501(a)(1), and forming part of the TRICON Savings Plan.
Savings Plan Trust. Effective as of January 1, 20001 (or such other date as Eaton and Axcelis Technologies may mutually agree), Axcelis Technologies shall establish, or cause to be established, a separate trust, which is intended to be tax-qualified under Code Section 401(a), to be exempt from taxation under Code Section 501(a)(1), and to form the Axcelis Technologies Savings Plan.
Savings Plan Trust. 16 (d) Transfer of Assets.........................................................................16 (e) Specific Stock Funds in the NSI and Spinco Savings Plans...................................17 4.2 NON-EMPLOYER STOCK FUND PROCEDURES.................................................................17 (a) Application of Procedures..................................................................17 (b) Right of First Refusal and Notice Procedures...............................................18 (c) Procedures After Notice is Given...........................................................18
Savings Plan Trust. Effective immediately after the Distribution Date, Downstream shall establish, or cause to be established, a trust qualified under Code Sec. 401(a), exempt from taxation under Code Sec. 501(a)(1), and forming part of the Downstream Savings Plan.
Savings Plan Trust. Prior to the Distribution Date, PSI shall establish, or cause to be established, a trust qualified under Code (S) 401(a), which shall be exempt from taxation under Code (S) 501(a)(1), and form part of the PSI Savings Plan. PSI shall, prior to the end of the remedial amendment period for the PSI Savings Plan, apply for a determination letter from the Internal Revenue Service that shall provide that the PSI Savings Plan and its related trust satisfy the requirements for qualification under Code sections 401(a) and 501(a), and PSI shall take all actions necessary or appropriate to obtain such letter.