PLAN TRUST. Effective as of the Independence Date (or such other date as Cadence, the Partnership and Tality may mutually agree), the Partnership shall establish, or cause to be established, a separate plan, which is intended to be tax-qualified under Code Section 401(a), and a separate trust to be exempt from taxation under Code Section 501(a)(1), and to form the Tality 401(k) Plan.
Appears in 2 contracts
Sources: Employee Matters Agreement (Cadence Design Systems Inc), Employee Matters Agreement (Tality Corp)