Examples of Qualified Benefit Plan in a sentence
OWNER shall cause each insurance policy required herein to provide a waiver of subrogation in favor of CITY, its officials, officers, employees and agents.
If there is a change in status, or a significant change in the cost or coverage under a Qualified Benefit Plan, you may make a change during the year.
Each Benefit Plan that is intended to be qualified under Section 401(a) of the Code (a “Qualified Benefit Plan”) has received a favorable determination letter from the Internal Revenue Service, or with respect to a prototype plan, can rely on an opinion letter from the Internal Revenue Service to the prototype plan sponsor, to the effect that such Qualified Benefit Plan is so qualified.
Claims for underlying benefits under the Qualified Benefit Plan shall be governed by the claims procedures in the applicable Qualified Benefit Plan, except that claims with respect to eligibility for salary reductions under this Plan (such as the ability to pay for Qualified Benefit Plan coverage on a pre-tax basis) shall be submitted to, and decided by, the Administrator.
No employee, former employee, plan participant or any other party (other than Franklin or the Franklin Subsidiaries) has any entitlement (under the terms of any plan document or otherwise) to any surplus assets in any Qualified Benefit Plan which is a defined benefit plan as defined in Section 414(j) of the Code.