Intent to Qualify. It is the intent of the IRA Owner that this Agreement shall qualify for approval under Code Section 408A if Xxxx XXX is selected on the Adoption Agreement or under Code Section 408(a) if Traditional IRA is selected on the Adoption Agreement. In no event will the custodial account established under this Agreement operate as both a Traditional IRA and a Xxxx XXX.
Intent to Qualify. It is the intent of the XXX Owner that this Agreement shall qualify for approval under Code Section 408A if Xxxx XXX is selected on the Adoption Agreement or under Code Section 408(a) if Traditional XXX is selected on the Adoption Agreement. In no event will the custodial account established under this Agreement operate as both a Traditional XXX and a Xxxx XXX.
Intent to Qualify. The Trust continued hereby is designated as a part of each Participating Plan and is intended to qualify as a tax-exempt trust under Section 501(a) of the Code.
Intent to Qualify. It is the intent of the Employer that this Plan shall be for the exclusive benefit of its Employees and shall qualify for approval under Section 408(k) of the Internal Revenue Code, as amended from time to time (or corresponding provisions of any subsequent Federal law at that time in effect). In case of any ambiguity, it shall be interpreted to accomplish such result. It is further intended that it comply with the provisions of the Employee Retirement Income Security Act of 1974 (ERISA) as amended from time to time.
Intent to Qualify. It is the intent of the Employer that this Plan shall be for the exclusive benefit of its Employees and shall qualify for approval under Code Section 408(k). This document is intended to conform with the applicable rules and procedures of the Internal Revenue Service (IRS) that apply to prototype Simplified Employee Pension plans.
