{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kr4LJjd12yS", "uri": "/contracts/kr4LJjd12yS#plan-qualification", "label": "Master Trust Agreement (Quanex Corp)", "score": 18.0, "published": true}, {"hash": "iTiAZZ2KhgJ", "uri": "/contracts/iTiAZZ2KhgJ#plan-qualification", "label": "Master Trust Agreement (Quanex Corp)", "score": 18.0, "published": true}, {"hash": "i0rH87tbxJp", "uri": "/contracts/i0rH87tbxJp#plan-qualification", "label": "Master Trust Agreement (Quanex Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-sponsor", "type": "clause", "offset": [0, 11]}, {"key": "responsible-for", "type": "clause", "offset": [21, 36]}, {"key": "the-plan", "type": "clause", "offset": [113, 121]}, {"key": "meaning-of", "type": "definition", "offset": [150, 160]}, {"key": "section-401a", "type": "clause", "offset": [161, 174]}, {"key": "the-code", "type": "clause", "offset": [179, 187]}, {"key": "treasury-department", "type": "clause", "offset": [258, 277]}, {"key": "funds-in", "type": "definition", "offset": [290, 298]}, {"key": "group-trust", "type": "clause", "offset": [301, 312]}, {"key": "assets-to-be", "type": "clause", "offset": [336, 348]}, {"key": "investment-purposes", "type": "definition", "offset": [364, 383]}, {"key": "the-assets", "type": "clause", "offset": [389, 399]}, {"key": "this-trust", "type": "definition", "offset": [448, 458]}, {"key": "the-trustee", "type": "clause", "offset": [570, 581]}, {"key": "upon-receipt-of", "type": "definition", "offset": [612, 627]}, {"key": "trustee-shall", "type": "definition", "offset": [645, 658]}, {"key": "dispose-of", "type": "definition", "offset": [775, 785]}], "size": 9, "snippet": "The Sponsor shall be responsible for verifying that while any assets of a particular Plan are held in the Trust, the Plan (i) is qualified within the meaning of section 401(a) of the Code; (ii) is permitted by existing or future rulings of the United States Treasury Department to pool its funds in a group trust; and (iii) permits its assets to be commingled for investment purposes with the assets of other such plans by investing such assets in this Trust. If any Plan ceases to be qualified within the meaning of section 401(a) of the Code, the Sponsor shall notify the Trustee as promptly as is reasonable. Upon receipt of such notice, the Trustee shall promptly segregate and withdraw from the Trust, the assets which are allocable to such disqualified Plan, and shall dispose of such assets in the manner directed by the Sponsor.", "hash": "347ad300b7a815101a2524e8184091aa", "id": 1}, {"samples": [{"hash": "icFtCwUu8Cy", "uri": "/contracts/icFtCwUu8Cy#plan-qualification", "label": "Trust Agreement (Zions Bancorporation, National Association /Ut/)", "score": 30.1526355743, "published": true}, {"hash": "jXPIr3WeeYx", "uri": "/contracts/jXPIr3WeeYx#plan-qualification", "label": "Trust Agreement (Zions Bancorporation /Ut/)", "score": 24.1594791412, "published": true}, {"hash": "fedWivKneUB", "uri": "/contracts/fedWivKneUB#plan-qualification", "label": "Trust Agreement (Zions Bancorporation /Ut/)", "score": 21.0, "published": true}], "snippet_links": [{"key": "section-401a", "type": "clause", "offset": [43, 56]}, {"key": "the-code", "type": "clause", "offset": [61, 69]}, {"key": "trust-established", "type": "clause", "offset": [78, 95]}, {"key": "the-sponsor", "type": "clause", "offset": [169, 180]}, {"key": "represents-that", "type": "clause", "offset": [181, 196]}, {"key": "to-the-extent", "type": "clause", "offset": [197, 210]}, {"key": "investment-of", "type": "clause", "offset": [249, 262]}, {"key": "code-of-federal-regulations", "type": "definition", "offset": [377, 404]}, {"key": "confirmation-of-the-plan", "type": "clause", "offset": [428, 452]}, {"key": "qualified-status", "type": "clause", "offset": [463, 479]}, {"key": "proof-of", "type": "clause", "offset": [546, 554]}, {"key": "continued-qualification", "type": "clause", "offset": [566, 589]}, {"key": "upon-request", "type": "clause", "offset": [590, 602]}, {"key": "by-the-trustee", "type": "clause", "offset": [603, 617]}, {"key": "responsibility-for", "type": "clause", "offset": [644, 662]}, {"key": "applicable-requirements", "type": "clause", "offset": [729, 752]}, {"key": "to-the-trustee", "type": "clause", "offset": [814, 828]}, {"key": "copy-of-the-plan", "type": "clause", "offset": [840, 856]}, {"key": "in-effect", "type": "definition", "offset": [884, 893]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [904, 926]}], "size": 5, "snippet": "The Plan is intended to be qualified under section 401(a) of the Code and the Trust established hereunder is intended to be tax-exempt under section 501(a) of the Code. The Sponsor represents that to the extent Participants are able to instruct the investment of their account, the Plan is intended to constitute a plan described in section 404(c) of ERISA and Title 29 of the Code of Federal Regulations Section 2550.404c-1. A confirmation of the Plan\u2019s current qualified status is attached hereto as Schedule \u201cD,\u201d and the Sponsor shall provide proof of the Plan\u2019s continued qualification upon request by the Trustee. The Sponsor has the sole responsibility for ensuring the Plan\u2019s qualified status and full compliance with the applicable requirements of ERISA. The Sponsor hereby certifies that it has furnished to the Trustee a complete copy of the Plan and all amendments thereto in effect as of the date of this Agreement.", "hash": "b3b030783b697200853d69d6f3e52ce1", "id": 2}, {"samples": [{"hash": "dAxDBloFhYH", "uri": "/contracts/dAxDBloFhYH#plan-qualification", "label": "Master Trust Agreement (Associates First Capital Corp)", "score": 18.0, "published": true}, {"hash": "3JYIe0zZE1O", "uri": "/contracts/3JYIe0zZE1O#plan-qualification", "label": "Master Trust Agreement (Associates First Capital Corp)", "score": 18.0, "published": true}, {"hash": "3202aICnyps", "uri": "/contracts/3202aICnyps#plan-qualification", "label": "Master Trust Agreement (Ford Motor Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "responsible-for", "type": "clause", "offset": [21, 36]}, {"key": "the-plans", "type": "clause", "offset": [121, 130]}, {"key": "meaning-of", "type": "definition", "offset": [159, 169]}, {"key": "section-401a", "type": "clause", "offset": [170, 183]}, {"key": "the-code", "type": "clause", "offset": [188, 196]}, {"key": "treasury-department", "type": "clause", "offset": [267, 286]}, {"key": "funds-in", "type": "definition", "offset": [299, 307]}, {"key": "group-trust", "type": "clause", "offset": [310, 321]}, {"key": "assets-to-be", "type": "clause", "offset": [345, 357]}, {"key": "investment-purposes", "type": "definition", "offset": [373, 392]}, {"key": "the-assets", "type": "clause", "offset": [398, 408]}, {"key": "notify-the", "type": "clause", "offset": [579, 589]}, {"key": "master-trustee", "type": "clause", "offset": [590, 604]}, {"key": "upon-receipt-of", "type": "definition", "offset": [635, 650]}, {"key": "trustee-shall", "type": "definition", "offset": [675, 688]}, {"key": "dispose-of", "type": "definition", "offset": [813, 823]}, {"key": "by-the-company", "type": "clause", "offset": [859, 873]}], "size": 4, "snippet": "The Company shall be responsible for verifying that while any assets of a particular Plans are held in the Master Trust, the Plans (i) is qualified within the meaning of section 401(a) of the Code; (ii) is permitted by existing or future rulings of the United States Treasury Department to pool its funds in a group trust; and (iii) permits its assets to be commingled for investment purposes with the assets of other such plans by investing such assets in this Master Trust. If any Plan ceases to be qualified within the meaning of section 401(a) of the Code, the Company shall notify the Master Trustee as promptly as is reasonable. Upon receipt of such notice, the Master Trustee shall promptly segregate and withdraw from the Master Trust, the assets which are allocable to such disqualified Plans, and shall dispose of such assets in the manner directed by the Company.", "hash": "37ae18b5b63e95f9a422a56136c40faf", "id": 3}, {"samples": [{"hash": "aUEog8eZm6T", "uri": "/contracts/aUEog8eZm6T#plan-qualification", "label": "Asset Purchase Agreement (Lightpath Technologies Inc)", "score": 37.0602327173, "published": true}, {"hash": "b3VsB0g8gD", "uri": "/contracts/b3VsB0g8gD#plan-qualification", "label": "Membership Interest Purchase Agreement (Lightpath Technologies Inc)", "score": 36.1403160095, "published": true}, {"hash": "gLgbYsIGcGb", "uri": "/contracts/gLgbYsIGcGb#plan-qualification", "label": "Membership Interest Purchase Agreement (Lightpath Technologies Inc)", "score": 36.1184120178, "published": true}], "snippet_links": [{"key": "employee-plan", "type": "definition", "offset": [5, 18]}, {"key": "to-qualify", "type": "clause", "offset": [36, 46]}, {"key": "section-401a", "type": "clause", "offset": [53, 66]}, {"key": "the-code", "type": "clause", "offset": [71, 79]}, {"key": "prototype-plan", "type": "definition", "offset": [112, 126]}, {"key": "covered-by", "type": "definition", "offset": [127, 137]}, {"key": "opinion-letter", "type": "definition", "offset": [145, 159]}, {"key": "determination-letter", "type": "definition", "offset": [189, 209]}], "size": 3, "snippet": "Each Employee Plan that is intended to qualify under Section 401(a) of the Code does so qualify and either is a prototype plan covered by an IRS opinion letter, or has received a favorable determination letter from the IRS, and the IRS has not taken and does not have grounds to take action to revoke any such letter.", "hash": "d091819233751fec6f848c61691f573b", "id": 4}, {"samples": [{"hash": "d0Bs620t7Sd", "uri": "/contracts/d0Bs620t7Sd#plan-qualification", "label": "Credit Agreement (S3 Inc)", "score": 18.0, "published": true}, {"hash": "d03nVoi9Pqr", "uri": "/contracts/d03nVoi9Pqr#plan-qualification", "label": "Credit Agreement (Sensory Science Corp)", "score": 18.0, "published": true}, {"hash": "O3mWwVlxHQ", "uri": "/contracts/O3mWwVlxHQ#plan-qualification", "label": "Credit Agreement (Diamond Multimedia Systems Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "of-the-borrower", "type": "clause", "offset": [9, 24]}, {"key": "section-401a", "type": "clause", "offset": [92, 105]}, {"key": "the-code", "type": "clause", "offset": [110, 118]}, {"key": "loss-of", "type": "definition", "offset": [152, 159]}, {"key": "erisa-affiliate-liabilities", "type": "definition", "offset": [239, 266]}, {"key": "additional-taxes", "type": "definition", "offset": [272, 288]}, {"key": "plan-participants", "type": "definition", "offset": [293, 310]}, {"key": "aggregate-amount", "type": "clause", "offset": [332, 348]}], "size": 3, "snippet": "Any plan of the Borrower or an ERISA Affiliate that is intended to have qualification under section 401(a) of the Code loses such qualification, if the loss of such qualification can reasonably be expected to impose on the Borrower or any ERISA Affiliate liabilities (for additional taxes, to plan participants or otherwise) in the aggregate amount of one million dollars ($1,000,000) or more.", "hash": "369df87c438ad24c51ea421558515704", "id": 5}, {"samples": [{"hash": "dl47tkng8b2", "uri": "/contracts/dl47tkng8b2#plan-qualification", "label": "Stock Purchase Agreement (Alion Science & Technology Corp)", "score": 18.0, "published": true}, {"hash": "c6RY9c8PBo8", "uri": "/contracts/c6RY9c8PBo8#plan-qualification", "label": "Stock Purchase Agreement (Alion Science & Technology Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-company-shall", "type": "clause", "offset": [0, 17]}, {"key": "best-efforts", "type": "definition", "offset": [26, 38]}, {"key": "the-plan", "type": "clause", "offset": [48, 56]}, {"key": "and-the-purchaser", "type": "clause", "offset": [57, 74]}, {"key": "at-all-times", "type": "definition", "offset": [75, 87]}, {"key": "compliance-with-the", "type": "clause", "offset": [135, 154]}, {"key": "tax-exemption-requirements", "type": "clause", "offset": [173, 199]}, {"key": "the-code", "type": "clause", "offset": [236, 244]}, {"key": "to-qualify", "type": "clause", "offset": [282, 292]}, {"key": "employee-stock-ownership-plan", "type": "clause", "offset": [300, 329]}, {"key": "meaning-of", "type": "definition", "offset": [343, 353]}, {"key": "substantial-compliance", "type": "clause", "offset": [417, 439]}, {"key": "applicable-requirements", "type": "clause", "offset": [449, 472]}, {"key": "the-esop", "type": "clause", "offset": [520, 528]}, {"key": "the-trust-agreement", "type": "clause", "offset": [533, 552]}, {"key": "in-a-timely-manner", "type": "definition", "offset": [553, 571]}, {"key": "as-required", "type": "clause", "offset": [572, 583]}, {"key": "in-order-to-ensure", "type": "clause", "offset": [584, 602]}, {"key": "effective-date-of-the", "type": "clause", "offset": [660, 681]}, {"key": "amendment-of", "type": "clause", "offset": [711, 723]}, {"key": "to-submit", "type": "definition", "offset": [743, 752]}, {"key": "agreement-to", "type": "clause", "offset": [776, 788]}, {"key": "the-trustee", "type": "clause", "offset": [853, 864]}, {"key": "amendments-to-the", "type": "clause", "offset": [884, 901]}, {"key": "upon-request", "type": "clause", "offset": [929, 941]}], "size": 3, "snippet": "The Company shall use its best efforts to cause the Plan and the Purchaser at all times to be operated and administered so as to be in compliance with the qualification and tax exemption requirements under Sections 401(a) and 501(a) of the Code, respectively, and to cause the Plan to qualify as an \"employee stock ownership plan,\" within the meaning of 4975(e)(7) of the Code, and to be operated and administered in substantial compliance with all applicable requirements of ERISA and the Code. The Company shall amend the ESOP and the Trust Agreement in a timely manner as required in order to ensure that such qualification is maintained from and after the effective date of the ESOP and, following any such amendment of a material nature, to submit the ESOP and the Trust Agreement to the IRS for a Determination. The Company shall promptly provide the Trustee with copies of any amendments to the ESOP or the Purchaser and, upon request of the Trustee, with copies of any application for a Determination.", "hash": "1cb93198088e079c32a01752c8cacb43", "id": 6}, {"samples": [{"hash": "13Cu7BtfkGu", "uri": "/contracts/13Cu7BtfkGu#plan-qualification", "label": "Trust Agreement (FMC Technologies Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "section-401a", "type": "clause", "offset": [62, 75]}, {"key": "the-code", "type": "clause", "offset": [80, 88]}, {"key": "trust-established", "type": "clause", "offset": [97, 114]}, {"key": "confirmation-of-the-plan", "type": "clause", "offset": [190, 214]}, {"key": "qualified-status", "type": "clause", "offset": [225, 241]}, {"key": "the-sponsor", "type": "clause", "offset": [282, 293]}, {"key": "a-copy-of", "type": "clause", "offset": [308, 317]}, {"key": "determination-letter", "type": "definition", "offset": [322, 342]}, {"key": "upon-request", "type": "clause", "offset": [378, 390]}, {"key": "by-the-trustee", "type": "clause", "offset": [391, 405]}, {"key": "responsibility-for", "type": "clause", "offset": [432, 450]}, {"key": "applicable-requirements", "type": "clause", "offset": [517, 540]}, {"key": "to-the-trustee", "type": "clause", "offset": [602, 616]}, {"key": "copy-of-the-plan", "type": "clause", "offset": [628, 644]}, {"key": "in-effect", "type": "definition", "offset": [672, 681]}, {"key": "date-of-this-agreement", "type": "definition", "offset": [692, 714]}], "size": 3, "snippet": "The Plan is intended to be qualified under ------------------ section 401(a) of the Code and the Trust established hereunder is intended to be tax-exempt under section 501(a) of the Code. A confirmation of the Plan's current qualified status is attached hereto as Schedule \"F,\" and the Sponsor shall provide a copy of any determination letter regarding the Plan's qualification upon request by the Trustee. The Sponsor has the sole responsibility for ensuring the Plan's qualified status and full compliance with the applicable requirements of ERISA. The Sponsor hereby certifies that it has furnished to the Trustee a complete copy of the Plan and all amendments thereto in effect as of the date of this Agreement.", "hash": "456a141ba3bebc7cc9cbde4fd5e08ba0", "id": 7}, {"samples": [{"hash": "jU7Pu8AOMfI", "uri": "/contracts/jU7Pu8AOMfI#plan-qualification", "label": "Group Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us)", "score": 18.0, "published": true}, {"hash": "i9ICTV8yRWP", "uri": "/contracts/i9ICTV8yRWP#plan-qualification", "label": "Group Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us)", "score": 18.0, "published": true}], "snippet_links": [{"key": "qualified-plan", "type": "definition", "offset": [3, 17]}, {"key": "requirements-for-qualification", "type": "clause", "offset": [57, 87]}, {"key": "section-401a", "type": "clause", "offset": [94, 107]}, {"key": "the-code", "type": "clause", "offset": [112, 120]}, {"key": "plan-trustee", "type": "definition", "offset": [147, 159]}, {"key": "to-provide", "type": "definition", "offset": [163, 173]}, {"key": "a-qualified", "type": "clause", "offset": [235, 246]}, {"key": "at-any-time", "type": "clause", "offset": [260, 271]}, {"key": "notice-thereof", "type": "clause", "offset": [395, 409]}, {"key": "one-year", "type": "definition", "offset": [425, 433]}, {"key": "funding-effective-date", "type": "definition", "offset": [444, 466]}, {"key": "in-writing", "type": "clause", "offset": [512, 522]}, {"key": "thirty-days", "type": "clause", "offset": [828, 839]}, {"key": "notice-to-the-employer", "type": "clause", "offset": [856, 878]}, {"key": "further-contributions", "type": "clause", "offset": [933, 954]}, {"key": "under-this-contract", "type": "clause", "offset": [955, 974]}, {"key": "with-respect-to", "type": "clause", "offset": [975, 990]}, {"key": "the-payment", "type": "clause", "offset": [1110, 1121]}], "size": 2, "snippet": "A \"Qualified Plan\" is a plan or agreement that meets the requirements for qualification under Section 401(a) of the Code. The Employer or Employer Plan Trustee is to provide evidence satisfactory to Equitable that the Employer Plan is a Qualified Plan and, if at any time the Employer Plan is no longer a Qualified Plan, the Employer or Employer Plan Trustee is to give Equitable prompt written notice thereof. If within (a) one year after the Funding Effective Date, or such longer period as may be agreed upon in writing between the Employer or Employer Plan Trustee and Equitable, the Employer or Employer Plan Trustee does not provide such evidence that the Employer Plan is a Qualified Plan, or (b) the Employer or Employer Plan Trustee gives notice that the Employer Plan is no longer a Qualified Plan, then upon at least thirty days advance written notice to the Employer or Employer Plan Trustee, Equitable may:\n(i) Prohibit further Contributions under this Contract with respect to the Employer Plan, and\n(ii) Withdraw from the Divisions the amounts therein with respect to the Employer Plan and make the payment described in Section 2.08, Paragraph (3).", "hash": "6bf2ef61258ca96373505eca52643324", "id": 8}, {"samples": [{"hash": "a1lhW5cNW9s", "uri": "/contracts/a1lhW5cNW9s#plan-qualification", "label": "Trust Agreement", "score": 29.4857559204, "published": true}, {"hash": "3pD3pEwiHzq", "uri": "/contracts/3pD3pEwiHzq#plan-qualification", "label": "Trust Agreement", "score": 26.7175006866, "published": true}], "snippet_links": [{"key": "the-sponsor", "type": "clause", "offset": [0, 11]}, {"key": "represents-that", "type": "clause", "offset": [19, 34]}, {"key": "the-code", "type": "clause", "offset": [84, 92]}, {"key": "applicable-to", "type": "clause", "offset": [93, 106]}, {"key": "plans-and", "type": "definition", "offset": [136, 145]}, {"key": "trust-established", "type": "clause", "offset": [150, 167]}, {"key": "responsibility-for", "type": "clause", "offset": [266, 284]}, {"key": "an-eligible", "type": "clause", "offset": [315, 326]}, {"key": "governmental-plan", "type": "definition", "offset": [334, 351]}, {"key": "applicable-requirements", "type": "clause", "offset": [381, 404]}, {"key": "appropriate-actions", "type": "definition", "offset": [521, 540]}, {"key": "to-request", "type": "clause", "offset": [541, 551]}, {"key": "when-required", "type": "clause", "offset": [573, 586]}, {"key": "opinion-letter", "type": "definition", "offset": [591, 605]}, {"key": "private-letter-ruling", "type": "definition", "offset": [607, 628]}, {"key": "determination-letter", "type": "definition", "offset": [637, 657]}, {"key": "plan-document", "type": "clause", "offset": [698, 711]}, {"key": "required-by", "type": "definition", "offset": [734, 745]}, {"key": "code-requirements", "type": "clause", "offset": [826, 843]}, {"key": "code-section", "type": "definition", "offset": [858, 870]}, {"key": "the-trustee", "type": "clause", "offset": [910, 921]}], "size": 2, "snippet": "The Sponsor hereby represents that the Plan is intended to meet the requirements of the Code applicable to governmental eligible 457(b) plans and the Trust established hereunder is intended to be tax-exempt under section 501(a) of the Code. The Sponsor has the sole responsibility for ensuring the Plan\u2019s status as an eligible 457(b) governmental plan and full compliance with the applicable requirements of the Code, even if the Sponsor previously used Fidelity\u2019s sample governmental 457(b) Plan. The Sponsor shall take appropriate actions to request from the IRS, as and when required, an opinion letter, private letter ruling, and/or determination letter and make such reasonable changes to the Plan document and operations as are required by the IRS to obtain or maintain the Plan\u2019s status. If the Plan ceases to meet the Code requirements applicable to Code section 457(b) plans, the Sponsor shall notify the Trustee as promptly as is reasonable.", "hash": "4cdff399477fac9fb8db70f4372e6077", "id": 9}, {"samples": [{"hash": "alTaKR2oyLS", "uri": "/contracts/alTaKR2oyLS#plan-qualification", "label": "Adoption Agreement (Meridian Bioscience Inc)", "score": 18.0, "published": true}, {"hash": "35l9UiQgL1g", "uri": "/contracts/35l9UiQgL1g#plan-qualification", "label": "Trust Agreement (Studio Plus Hotels Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-employer-shall", "type": "clause", "offset": [0, 18]}, {"key": "the-trustee", "type": "clause", "offset": [27, 38]}, {"key": "copies-of-all", "type": "definition", "offset": [44, 57]}, {"key": "determination-letters", "type": "clause", "offset": [58, 79]}, {"key": "the-internal-revenue-service", "type": "definition", "offset": [85, 113]}, {"key": "relating-to", "type": "definition", "offset": [114, 125]}, {"key": "the-plan", "type": "clause", "offset": [147, 155]}, {"key": "section-401", "type": "definition", "offset": [162, 173]}, {"key": "the-code", "type": "clause", "offset": [177, 185]}, {"key": "trustee-may-rely", "type": "clause", "offset": [195, 211]}], "size": 2, "snippet": "The Employer shall furnish the Trustee with copies of all determination letters from the Internal Revenue Service relating to the qualification of the Plan under section 401 of the Code, and the Trustee may rely upon such letters.", "hash": "8e6a55ac76494041c0d8116b6b0cb080", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtwbGFuLXF1YWxpZmljYXRpb24jMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Plan Qualification", "children": [["participant-reporting", "Participant Reporting"], ["plan-reporting", "Plan Reporting"], ["", ""], ["government-reporting", "Government Reporting"], ["plan-accounting", "Plan Accounting"]], "size": 70, "parents": [["representations-and-warranties-of-the-company", "REPRESENTATIONS AND WARRANTIES OF THE COMPANY"], ["employee-benefit-plans", "Employee Benefit Plans"], ["covenants-of-the-company", "Covenants of the Company"], ["events-of-default", "Events of Default"], ["representations-and-warranties-of-sellers", "REPRESENTATIONS AND WARRANTIES OF SELLERS"]], "id": "plan-qualification", "related": [["tax-qualification", "Tax Qualification", "Tax Qualification"], ["foreign-qualification", "Foreign Qualification", "Foreign Qualification"], ["organization-qualification", "Organization; Qualification", "Organization; Qualification"], ["organization-qualification-etc", "Organization, Qualification, Etc", "Organization, Qualification, Etc"], ["foreign-qualifications", "Foreign Qualifications", "Foreign Qualifications"]], "related_snippets": [], "updated": "2026-01-25T05:58:05+00:00", "also_ask": ["What are the essential IRS requirements to ensure plan qualification?", "How can plan qualification clauses be leveraged during negotiations to protect client interests?", "What are the most common drafting pitfalls that could jeopardize plan qualification status?", "How do plan qualification standards differ across jurisdictions or plan types?", "What are the typical grounds on which courts have invalidated plan qualification provisions?"], "drafting_tip": "Specify qualification criteria, reference applicable laws, and require ongoing compliance to ensure clarity, legal validity, and continued plan benefits.", "explanation": "The Plan Qualification clause establishes the requirements that a retirement or benefit plan must meet to be recognized as qualified under applicable laws, such as the Internal Revenue Code. Typically, this clause outlines the standards for eligibility, contributions, distributions, and compliance with regulatory guidelines, ensuring the plan maintains its tax-advantaged status. Its core function is to ensure that the plan remains compliant with legal standards, thereby protecting both the employer's and participants' tax benefits and avoiding potential penalties or disqualification."}, "json": true, "cursor": ""}}