Specific Amendments. Notwithstanding Subsection 14.1, the Company may amend this Trust Agreement from time to time in such manner as may be necessary, in the opinion of independent counsel, to prevent this Trust Agreement or the Trust from becoming subject to ERISA and to prevent the current taxation of the Trust Fund to Participants.
Appears in 2 contracts
Sources: Trust Agreement (Kaufman & Broad Home Corp), Trust Agreement (Wachovia Corp/ Nc)
Specific Amendments. Notwithstanding Subsection 14.1, the Company may amend this Trust Agreement from time to time in such a manner as may be necessary, in the opinion of independent counsel, to prevent this Trust Agreement or the Trust from becoming subject to ERISA and to prevent the current taxation of the Trust Fund to Participants.
Appears in 2 contracts
Sources: Trust Agreement (Tidewater Inc), Trust Agreement (Vencor Inc)
Specific Amendments. Notwithstanding Subsection 14.1Section 6.2, the Company ------------------- may amend this Trust Agreement from time to time in such a manner as may be necessary, in the opinion of independent counsel, to prevent this Trust Agreement or the Trust from becoming subject to ERISA and to prevent the current taxation of the Trust Fund to Participants.
Appears in 1 contract
Sources: Stock Employee Compensation Trust Agreement (Newport News Shipbuilding Inc)