Tax Status of Trust. It is intended that the Trust established hereby shall be treated as a grantor trust of the Savings Bank under the provisions of Section 671 et seq. of the Internal Revenue Code of 1986, as amended, as the same may be amended from time to time.
Tax Status of Trust. It is intended that the trust established hereby be treated as a Grantor Trust of the Corporation under the provisions of Section 671 et seq. of the Code, as the same may be amended from time to time.
Tax Status of Trust. It is intended that the trust established hereby be treated as a Grantor Trust of the Corporation under the provisions of Section 671 etseq. of the Code, as the same may be amended from time to time.
Tax Status of Trust. For federal income tax purposes, each Trust formed under this Trust Agreement will be treated as a fixed investment trust under the Internal Revenue Code and applicable Treasury Regulations, and not as an association taxable as a corporation. The Trust Documents will be interpreted so as not to provide any “power to vary the investment” (within the meaning of the applicable Treasury Regulations) of any Trust formed under this Trust Agreement. The Trustee will take any action or cause the Trust to take any action necessary to create and maintain the status of each Trust as a fixed investment trust for federal income tax purposes; provided that if any such action would require the consent of Holders under Article X, the Trustee will not effect that action without the requisite consent of Holders.
Tax Status of Trust. It is intended that the Company, as grantor hereunder, be treated as the owner of the entire Trust and the trust assets under Section 671, et seq. of the Code. Until advised otherwise, the Trustee may presume that the Trust is so characterized for federal income tax purposes and shall make all filings of tax returns on that presumption.
Tax Status of Trust. The Company intends by this Trust Agreement to create a trust forming a part of the Plan which shall meet the requirements for qualification under Section 401(a) of the Code and which shall be exempt from tax pursuant to Section 501(a) of the Code.
Tax Status of Trust. It is intended that the trust established hereby be treated as an irrevocable non-grantor trust. The Trust shall apply for and obtain its own Employer Identification Number for purposes of filing federal and state income tax returns as required by the Code and applicable state and local law.
Tax Status of Trust. The Sponsor intends by this Trust Agreement to create a trust forming a part of the Plan which shall meet the requirements for qualification under section 401(a) of the Code and which shall be exempt from tax pursuant to section 501(a) of the Code.
Tax Status of Trust. It is intended that the Trust established hereby shall be treated as a
Tax Status of Trust. It is intended that the Company, as grantor hereunder, be treated as the owner of the entire trust and the trust assets under Section
