Common use of Funding Restrictions Clause in Contracts

Funding Restrictions. If the Plan is ever determined to be governed by ERISA, nothing herein shall be interpreted to prevent the Plan from complying with the benefit restrictions of Section 436 of the Internal Revenue Code of 1986, as amended, or any other applicable law, including all restrictions on lump sum payments.

Appears in 4 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement, Class Action Settlement Agreement

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Funding Restrictions. If the Plan is ever determined in a Final non-appealable decision, which is not subject to correction under ERISA § 3(33)(D), to be governed by ERISA, nothing herein shall be interpreted to prevent the Plan from complying with the benefit restrictions of Section 436 of the Internal Revenue Code of 1986, as amended, or any other applicable law, including all restrictions on lump sum payments.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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