Common use of Continuation of Plan Clause in Contracts

Continuation of Plan. Subject to the continuing approval of the Commissioner of Internal 6 Revenue, to the extent available, and of other cognizant governmental authorities, as more particularly 7 hereinafter specified, and to the provisions of 17.5, a Retirement Plan (hereinafter called the Plan) in the 8 form now in effect as to the employees within the units to which this Agreement relates shall continue to 9 be effective while this Agreement is in effect as to such employees in accordance with and subject to the 10 terms, conditions, and limitations of the Plan. 11 Section 17.2 Approval of Plan. Approval of the Plan by the Commissioner of Internal Revenue as 13 referred to in 17.1 means a continuing approval sufficient to establish that the Plan and related trust(s) are at 14 all times qualified and exempt from income tax under Section 401(a) and other applicable provisions of the 15 Internal Revenue Code of 1986, and that contributions made by the Company under the Plan are deductible 16 for income tax purposes in accordance with law. The cognizant governmental authorities referred to in 17 17.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty Corporation and 18 the Securities and Exchange Commission, and their approval means their confirmation with respect to any 19 matter within their regulatory authority that the Plan does not conflict with applicable law. 20

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Continuation of Plan. Subject to the continuing approval of the 6 Commissioner of Internal 6 Revenue, to the extent available, and of other cognizant 7 governmental authorities, as more particularly 7 hereinafter specified, and to the provisions 8 of 17.5, a Retirement Plan (hereinafter called the Plan) in the 8 form now in effect as to the 9 employees within the units to which this Agreement relates shall continue to 9 be effective 10 while this Agreement is in effect as to such employees in accordance with and subject to 11 the 10 terms, conditions, and limitations of the Plan. 11 13 Section 17.2 Approval of Plan. Approval of the Plan by the Commissioner of Internal 14 Revenue as 13 referred to in 17.1 means a continuing approval sufficient to establish that 15 the Plan and related trust(s) are at 14 all times qualified and exempt from income tax under 16 Section 401(a) and other applicable provisions of the 15 Internal Revenue Code of 1986, and 17 that contributions made by the Company under the Plan are deductible 16 for income tax 18 purposes in accordance with law. The cognizant governmental authorities referred to in 17 19 17.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty 20 Corporation and 18 the Securities and Exchange Commission, and their approval means their 21 confirmation with respect to any 19 matter within their regulatory authority that the Plan 22 does not conflict with applicable law. 20.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Continuation of Plan. Subject to the continuing approval of the Commissioner of 26 Internal 6 Revenue, to the extent available, Revenue and of other cognizant governmental authorities, as more particularly 7 hereinafter 27 specified, and to the provisions of 17.515.5, a Retirement Voluntary Investment Plan (hereinafter called call the Plan) in 28 the 8 form as now in effect as to the employees within the units to which this Agreement relates shall 29 continue to 9 be effective while this Agreement is in effect as to such employees in accordance with and 30 subject to the 10 terms, conditions, conditions and limitations of the Plan. 11 32 Section 17.2 15.2 Approval of Plan. Approval of the Plan by the Commissioner of Internal Revenue as 13 33 referred to in 17.1 15.1 means a continuing approval sufficient to establish that the Plan and related trust(s) trust or 34 trusts are at 14 all times qualified and exempt from income tax under Section 401(a), Section 401(k) and 35 other applicable provisions of the 15 Internal Revenue Code of 1986, and that contributions made by the 36 Company under the Plan are deductible 16 for income tax purposes in accordance with law. The cognizant 37 governmental authorities referred to in 17 17.1 15.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty Corporation Labor and 18 38 the Securities and Exchange Commission, and their approval means their confirmation with respect to 39 any 19 matter within their regulatory authority that the Plan does not conflict with applicable law. 2040

Appears in 1 contract

Samples: Collective Bargaining Agreement

Continuation of Plan. Subject to the continuing approval of the Commissioner of 37 Internal 6 Revenue, to the extent available, Revenue and of other cognizant governmental authorities, as more particularly 7 hereinafter 38 specified, and to the provisions of 17.515.5, a Retirement Voluntary Investment Plan (hereinafter called call the Plan) in 39 the 8 form as now in effect as to the employees within the units to which this Agreement relates shall 40 continue to 9 be effective while this Agreement is in effect as to such employees in accordance with and 41 subject to the 10 terms, conditions, conditions and limitations of the Plan. 11 42 Section 17.2 15.2 Approval of Plan. Approval of the Plan by the Commissioner of Internal Revenue as 13 44 referred to in 17.1 15.1 means a continuing approval sufficient to establish that the Plan and related trust(s) trust 45 or trusts are at 14 all times qualified and exempt from income tax under Section 401(a), Section 401(k) 46 and other applicable provisions of the 15 Internal Revenue Code of 1986, and that contributions made 47 by the Company under the Plan are deductible 16 for income tax purposes in accordance with law. The 48 cognizant governmental authorities referred to in 17 17.1 15.1 include, without limitation, the Department 49 of Labor, the Pension Benefit Guaranty Corporation Labor and 18 the Securities and Exchange Commission, and their approval means their confirmation 50 with respect to any 19 matter within their regulatory authority that the Plan does not conflict with 51 applicable law. 2052

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Continuation of Plan. Subject to the continuing approval of the Commissioner of Internal 6 7 Revenue, to the extent available, and of other cognizant governmental authorities, as more particularly 7 8 hereinafter specified, and to the provisions of 17.515.6, a Retirement Voluntary Investment Plan (hereinafter called call the 9 Plan) in the 8 form as now in effect as to the employees within the units to which this Agreement relates 10 shall continue to 9 be effective while this Agreement is in effect as to such employees in accordance with 11 and subject to the 10 terms, conditions, conditions and limitations of the Plan. 11 13 Section 17.2 15.2 Approval of Plan. Approval of the Plan by the Commissioner of Internal Revenue as 13 14 referred to in 17.1 15.1 means a continuing approval sufficient to establish that the Plan and related trust(s) trust or 15 trusts are at 14 all times qualified and exempt from income tax under Section 401(a), Section 401(k) and 16 other applicable provisions of the 15 Internal Revenue Code of 1986, and that contributions made by the 17 Company under the Plan are deductible 16 for income tax purposes in accordance with law. The cognizant 18 governmental authorities referred to in 17 17.1 15.1 include, without limitation, the Department of Labor, Labor and the Pension Benefit Guaranty Corporation and 18 the 19 Securities and Exchange Commission, and their approval means their confirmation with respect to any 19 20 matter within their regulatory authority that the Plan does not conflict with applicable law. 20.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Continuation of Plan. Subject to the continuing approval of the Commissioner of Internal 6 Revenue, to the extent available, and of other cognizant governmental authorities, as more particularly 7 hereinafter specified, and to the provisions of 17.5, a Retirement Plan (hereinafter called the Plan) in the 8 form now in effect as to the employees within the units to which this Agreement relates shall continue 9 to 9 be effective while this Agreement is in effect as to such employees in accordance with and subject to 10 the 10 terms, conditions, and limitations of the Plan. 11 Section 17.2 Approval of Plan. Approval of the Plan by the Commissioner of Internal Revenue as 13 referred to in 17.1 means a continuing approval sufficient to establish that the Plan and related trust(s) are at 14 all times qualified and exempt from income tax under Section 401(a) and other applicable provisions of the 15 Internal Revenue Code of 1986, and that contributions made by the Company under the Plan are deductible 16 for income tax purposes in accordance with law. The cognizant governmental authorities referred to in 17 17.1 include, without limitation, the Department of Labor, the Pension Benefit Guaranty Corporation and 18 the Securities and Exchange Commission, and their approval means their confirmation with respect to any 19 matter within their regulatory authority that the Plan does not conflict with applicable law. 20

Appears in 1 contract

Samples: Collective Bargaining Agreement

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