PLAN OPERATION Clause Samples

PLAN OPERATION. You will ensure that the Plan operates in compliance with all applicable laws and regulations.

PLAN OPERATION. The Plan shall continue without interruption, subject to the right of the Plan Sponsor to amend or terminate the Plan, as set forth in Article XI.

PLAN OPERATION. Applicant agrees to operate its Pilot Optional Binding Mandatory Curtailment (POBMC) Plan upon each and every notice from the Company for the entire duration of the Rotating Outage (RO).

PLAN OPERATION. The Lender will operate and administer the Plan as a qualified plan under Section 401(a) and 4975(e)(7) of the Code. The Lender will operate and administer the Plan in material compliance with all applicable ERISA requirements and regulation that are in effect and applicable to the Plan from time to time.

PLAN OPERATION. This plan calls for counseling and discussion between the employees and their supervisor, where both positive and negative areas of performance are noted. It is therefore expected that discussion and/or counseling would take place prior to disciplinary action. Employee’s direct Supervisor shall use their discretion in issuing disciplinary action. When demerits are issued, the employee and the Shop ▇▇▇▇▇▇▇ receive copies of the demerit form which shows the date, the points assessed, and a description of the incident causing the points to be assessed. Meetings with the employee are held at three (3) point levels as follows:

PLAN OPERATION. CAS shall submit the Columbia Analytical Services, Inc., Employee Stock Ownership Plan ("ESOP") to the Internal Revenue Service ("IRS") for a favorable determination letter within the remedial amendment period set forth in Section 401(b) of the Code and shall make such changes to the ESOP as the IRS requires as a condition to the issuance of such determination letter. Further, CAS shall cause the ESOP to be operated and administered as a qualified plan under Sections 401(a) and 4975(e)(7) of the Code and in material compliance with all applicable requirements of ERISA and regulations thereunder as from time to time in effect and applicable to the ESOP.

PLAN OPERATION