Common use of Tax and Legal Effects Clause in Contracts

Tax and Legal Effects. The Employer, the Administrator, and their representatives and delegates do not in any way guarantee the tax treatment of benefits for any Participant, Spouse, or Beneficiary, and the Employer, the Administrator, and their representatives and delegates do not in any way guarantee or assume any responsibility or liability for the legal, tax, or other implications or effects of the Plan. In the event of any legal, tax, or other change that may affect the Plan, the Employer may, in its sole discretion, take any actions it deems necessary or desirable as a result of such change.

Appears in 8 contracts

Samples: Nonqualified Supplemental Deferred Compensation Plan (Carter Bankshares, Inc.), Nonqualified Supplemental Deferred Compensation Plan (Virginia Electric & Power Co), Nonqualified Supplemental Deferred Compensation Plan (Spirit of Texas Bancshares, Inc.)

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Tax and Legal Effects. The EmployerEmployers, the Administrator, and their representatives and delegates delegatees do not in any way guarantee the tax treatment of benefits for any Participant, Spouse, or Beneficiary, and the EmployerEmployers, the Administrator, and their representatives and delegates delegatees do not in any way guarantee or assume any responsibility or liability for the legal, tax, or other implications or effects of the Plan. In the event of any legal, tax, or other change that may affect the Plan, the Employer may, in its sole discretion, take any actions it deems necessary or desirable as a result of such change.

Appears in 1 contract

Samples: Adoption Agreement (Digital Insight Corp)

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Tax and Legal Effects. The EmployerEmployers, the Administrator, and their representatives and delegates do not in any way guarantee the tax treatment of benefits for any Participant, Spouse, or Beneficiary, and the EmployerEmployers, the Administrator, and their representatives and delegates do not in any way guarantee or assume any responsibility or liability for the legal, tax, or other implications or effects of the Plan. In the event of any legal, tax, or other change that may affect the Plan, the Employer may, in its sole discretion, take any actions it deems necessary or desirable as a result of such change.

Appears in 1 contract

Samples: Nonqualified Supplemental Deferred Compensation Plan Adoption Agreement (Kaiser Ventures LLC)

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