Common use of Plan Amendment Correction Method Clause in Contracts

Plan Amendment Correction Method. The Operational Failure of making hardship distributions to employees under a plan that does not provide for hardship distributions may be corrected under VCP and SCP using the plan amendment correction method set forth in this paragraph. The plan is amended retroactively to provide for the hardship distributions that were made available. This paragraph does not apply unless (i) the amendment satisfies □ 401(a), and (ii) the plan as amended would have satisfied the qualification requirements of □ 401(a)(including the requirements applicable to hardship distributions under □ 401(k), if applicable) had the amendment been adopted when hardship distributions were first made available. (See Example 21.)

Plan Amendment Correction Method. The Operational Failure of making hardship distributions to employees under a plan that does not provide for hardship distributions may be corrected under VCP and SCP using the plan amendment correction method set forth in this paragraph. The plan is amended retroactively to provide for the hardship distributions that were made available. This paragraph does not apply unless (i) the amendment satisfies □ § 401(a), and (ii) the plan as amended would have satisfied the qualification requirements of □ § 401(a)(including the requirements applicable to hardship distributions under □ § 401(k), if applicable) had the amendment been adopted when hardship distributions were first made available. (See Example 21.)

Plan Amendment Correction Method. The Operational Failure of making hardship distributions to employees under a plan that does not provide for hardship distributions may be corrected under VCP and SCP Walk-in CAP (in accordance with the requirements of section 11) using the plan amendment correction method set forth in this paragraph. The plan is amended retroactively to provide for the hardship distributions that were made available. This paragraph does not apply unless (i) the amendment satisfies □ § 401(a), and (ii) the plan as amended would have satisfied the qualification requirements of □ § 401(a)(including the requirements applicable to hardship distributions under □ § 401(k), if applicable) had the amendment been adopted when hardship distributions were first made available. (See Example 21.)

Plan Amendment Correction Method. The Operational Failure of making hardship distributions to employees under a plan that does not provide for hardship distributions may be corrected under VCP and SCP using the plan amendment correction method set forth in this paragraph. The plan is amended retroactively to provide for the hardship distributions that were made available. This paragraph does not apply unless (i) the amendment satisfies □  401(a), and (ii) the plan as amended would have satisfied the qualification requirements of □  401(a)(including the requirements applicable to hardship distributions under □  401(k), if applicable) had the amendment been adopted when hardship distributions were first made available. (See Example 21.)

Plan Amendment Correction Method. The Operational Failure of making hardship distributions to employees under a plan that does not provide for hardship distributions may be corrected under VCP and SCP using the plan amendment correction method set forth in this paragraph. The plan is amended retroactively to provide for the hardship distributions that were made available. This paragraph does not apply unless (i) the amendment satisfies □ . 401(a), and (ii) the plan as amended would have satisfied the qualification requirements of □ . 401(a)(including the requirements applicable to hardship distributions under □ . 401(k), if applicable) had the amendment been adopted when hardship distributions were first made available. (See Example 21.)

Plan Amendment Correction Method. The Operational Failure of making hardship hard- ship distributions to employees under a plan that does not provide for hardship distributions may be corrected under VCP and SCP using the plan amendment correction cor- rection method set forth in this paragraph. The plan is amended retroactively to provide pro- vide for the hardship distributions that were made available. This paragraph does not apply unless (i) the amendment satisfies □ satis- fies § 401(a), and (ii) the plan as amended would have satisfied the qualification requirements of □ 401(a)(including § 401(a) (including the requirements applicable to hardship distributions dis- tributions under □ § 401(k), if applicable) had the amendment been adopted when hardship distributions were first made available. (See Example 21.)