Plan Status Sample Clauses
The Plan Status clause defines the current standing or condition of a specific plan within an agreement or project. It typically outlines whether the plan is active, pending approval, completed, or terminated, and may specify the criteria or events that trigger a change in status. By clearly establishing the plan's status at any given time, this clause ensures all parties are aware of their obligations and the plan's progress, thereby reducing confusion and facilitating effective project management.
Plan Status. The adoption of the Plan through this Adoption Agreement is:
Plan Status. Neither the Company nor any ERISA Affiliate now, or has ever, maintained, established, sponsored, participated in, or contributed to, any plan which is subject to Title IV of ERISA or Section 412 of the Code. Neither the Company nor any ERISA Affiliate has incurred, nor do they reasonably expect to incur, any Liability with respect to any transaction described in Section 4069 of ERISA. No Company Employee Plan is a multiple employer plan as defined in Section 210 of ERISA.
Plan Status. Nothing herein shall be construed as an agreement that the Plan is not properly treated as a Church Plan or that the Plan is subject to ERISA. Similarly, nothing herein shall be construed as an agreement that the Plan is properly treated as a Church Plan or that the Plan is not subject to ERISA.
Plan Status. This Plan is intended to qualify as a cafeteria plan under Section 125 of the Internal Revenue Code of 1986. If elected by the Employer in the Adoption Agreement, the Dependent Care Reimbursement Account portion of the Plan is intended to qualify under Code Section 129, and the reimbursements paid there under are intended to be eligible for exclusion from a Participant's income under Section 129(a) of the Code. If elected by the Employer in the Adoption Agreement, the Medical Expense Reimbursement Account portion of the Plan is intended to qualify under Code Section 105, and reimbursements paid there under are intended to be eligible for exclusion from a Participant's income under Section 105(b) of the Code.
Plan Status. (1) Adoption Agreement Effective Date: 12/31/2015 (cannot be earlier than the later of (i) the first day of the 2007 Plan Year or (ii) the effective date of the Plan)
(2) The Adoption Agreement Effective Date is:
(A) ¨ A new Plan Effective Date
(B) x An amendment Effective Date (check one):
(i) x an amendment and restatement of this Basic Plan Document No. 17 (or restatement of former Fidelity Basic Plan Document No. 14) and its Adoption Agreement previously executed by the Employer;
(ii) ¨ a conversion to Basic Plan Document No. 17 and its Adoption Agreement. The original effective date of the Plan: 11/01/1979
Plan Status. Nothing herein shall be construed as an agreement that the Plan is not properly treated as a Church Plan or that the Plan is subject to ERISA. Similarly, nothing herein shall be construed as an agreement that the Plan is properly treated as a Church Plan or that the Plan is not subject to ERISA. The Parties acknowledge that Defendants will continue to operate the Plan as a Church Plan. Further, the Parties acknowledge that the Plan will be closed to new participants and accrued benefits will be “frozen” on or before December 31, 2018. Thereafter, no additional benefits will accrue under the Plan for any participants.
Plan Status. None of the Company, any of its Subsidiaries or any ERISA Affiliate now, or has ever, maintained, established, sponsored, participated in, or contributed to, any plan which is subject to Title IV of ERISA or Section 412 of the Code or any retiree medical arrangement. No Liability associated with any Company Employee Plan may become a Liability of the Buyer or any of its Affiliates.
Plan Status. If the Plan is subject to ERISA, all requests for third party transfers or rollovers, ownership changes, elections, changes of Annuity Commencement Date, withdrawals, loans, Participant terminations or death benefit payments must be made or approved by the Employer on behalf of the affected Participant. If the Plan is not subject to ERISA, unless otherwise provided in this Contract, all requests described in the preceding paragraph may be made by the Participant unless the Employer instructs otherwise. The Employer reports to us on the Application if the Plan is subject to ERISA and we will rely on such report. The Employer will notify us in writing of any changes in the ERISA Plan status. We will effect such changes as soon as practicable.
Plan Status. The adoption of the Plan through this Adoption Agreement is:
(1 ) Initial Establishment. The initial adoption and establishment of the Plan.
Plan Status. 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 (a) within 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: