Amendment By Sponsor. The Sponsor may amend any or all provisions of this Prototype Defined Contribution Plan at any time without obtaining the approval or consent of any Employer which has adopted this Plan and Trust provided that no amendment shall authorize or permit any part of the corpus or income of the Plan to be used for or diverted to purposes other than for the exclusive benefit of Participants and their Beneficiaries, or eliminate an optional form of distribution. For purposes of Sponsor amendments, the mass submitter of this Basic Plan Document #01 shall be recognized as the agent of the Sponsor. If the Sponsor does not adopt the amendments made by the mass submitter, it will no longer be identical to or a minor modifier of the mass submitter plan.
Amendment By Sponsor. The Sponsor may amend any or all provisions of this Plan and Trust at any time without obtaining the approval or consent of any Employer which has adopted this Plan and Trust provided that no amendment shall authorize or permit any part of the corpus or income of the Fund to be used for or diverted to purposes other than for the exclusive benefit of Participants and their beneficiaries, or eliminate an optional form of distribution. In the case of a mass-submitted plan, the mass-submitter shall amend the Plan on behalf of the Sponsor.
Amendment By Sponsor. The Sponsor may amend or terminate any or all provisions of this prototype plan at any time without obtaining the approval or consent of any Employer or Participant, provided that no amendment shall authorize or permit any part of an Employer's contribution to be used for or diverted to purposes other than for the exclusive benefit of Participants. The Sponsor will inform each adopting Employer of any amendments to or termination of the prototype SARSEP. 9.2
Amendment By Sponsor. The Sponsor of this Regional Prototype may amend any or all provisions of this Plan and Trust Account at any time without obtaining the approval or consent of any Employer which has adopted this Plan and Trust Account provided that no amendment shall authorize or permit any part of the corpus or income of the Fund to be used for or diverted to purposes other than for the exclusive benefit of Participants and their beneficiaries, or eliminate an optional form of distribution. In the case of a mass-submitted plan, the mass-submitter shall amend the Plan on behalf of the Sponsor.
Amendment By Sponsor. By written instrument executed by a duly authorized officer or officers, the Sponsor or its designee shall have the right at any time and from time to time to amend or modify this Plan, retroactively if required, in whole or in part as it may deem necessary or advisable without the consent of any Participant, former Participant or Beneficiary; except that:
Amendment By Sponsor. The Regional Prototype sponsor may amend any part of the Plan.
Amendment By Sponsor. The Sponsor reserves the right, at any time and from time to time, to amend the Plan, in order to conform the Plan to any changes in the Code, regulations, revenue rulings and other guidelines published by the Internal Revenue Service, or to make any correction to the Plan required for qualification. The Sponsor may not amend the Plan in any manner which would modify any election made by Company under the Plan without the Company's written consent. The Sponsor may not amend the Plan in any manner that could result in the elimination of a benefit protected under Code Section 411(d)(6) with respect to an adopting Company unless permitted to do so under Treasury Regulation Sections 1.401(a)-4 and 1.411(d)-4.
Amendment By Sponsor. The Employer hereby authorizes and empowers the Sponsor to amend the Plan from time to time, subject to the following:
Amendment By Sponsor. The Employer hereby irrevocably delegates to the sponsor the right to amend the Plan to incorporate changes in the Code, applicable regulations and revenue rulings and other guidelines published by the Internal Revenue Service. By adopting the Plan, the Employer shall be deemed to have consented to any amendments adopted by the sponsor.
Amendment By Sponsor. The Employer, by executing the Adoption Agreement, has thereby delegated to the Sponsor the power to amend the Plan at any time, including any retroactive amendment necessary to assure that the Plan will qualify or continue to be qualified under the applicable provisions of the Code. The Sponsor shall promptly furnish written notice of any such amendment to the Employer.
