Common use of UPDATE OF PLAN Clause in Contracts

UPDATE OF PLAN. Any amendment and restatement of the Receiving Plan in order to bring the Plan compliance with current legislation and regulations shall be made retroactively as prescribed by the regulations and shall be considered as having been made to the Merging Plan as of the date of the merger.

Appears in 2 contracts

Samples: 401(k) Incentive Retirement Plan Amendment (Paychex Inc), 401(k) Plan Amendment (Paychex Inc)

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UPDATE OF PLAN. Any amendment and restatement of the Receiving Plan in order to bring the Plan into compliance with current legislation and regulations shall be made retroactively as prescribed by the regulations and shall be considered as having been made to the Merging Plan as of the date of the merger.

Appears in 2 contracts

Samples: 401(k) Plan Amendment (Checkfree Corp \Ga\), 401(k) Plan Amendment (Checkfree Corp \Ga\)

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