Determination Letter. The Association shall apply for a -------------------- determination letter from the Internal Revenue Service that the Plan and the Trust, taken together, qualify as an employee stock ownership plan for purposes of Section 4975(e)(7) of the Code and the rules and regulations thereunder.
Appears in 2 contracts
Sources: Loan Agreement (First Place Financial Corp /De/), Funding Commitment Agreement (South Jersey Financial Corp Inc)
Determination Letter. The Association shall apply for a -------------------- determination letter from the Internal Revenue Service that the Plan and the Trust, taken together, qualify as an employee stock ownership plan for purposes of Section 4975(e)(7) of the Code and the rules and regulations thereunder.
Appears in 1 contract
Sources: Leveraged Esop Commitment Letter (Security of Pennsylvania Financial Corp)