QUALIFICATION OF PROTOTYPE Sample Clauses
The "Qualification of Prototype" clause defines the criteria and process by which a prototype must be evaluated and approved before proceeding to the next phase of a project or production. Typically, this involves specific testing, inspections, or demonstrations to ensure the prototype meets agreed-upon specifications and performance standards. By establishing clear benchmarks for acceptance, this clause helps prevent misunderstandings about product readiness and ensures that only qualified prototypes advance, thereby reducing the risk of costly errors or rework later in the project.
QUALIFICATION OF PROTOTYPE. The Sponsor intends that this Prototype Defined Contribution Plan will meet the requirements of the Code as a qualified Defined Contribution Plan. Should the Commissioner of Internal Revenue or any delegate of the Commissioner at any time determine that the Prototype Defined Contribution Plan fails to meet the requirements of the Code, the Sponsor will amend the Basic Plan Document #01 as necessary to maintain its qualified status.
QUALIFICATION OF PROTOTYPE. The Sponsor intends that this Regional Prototype Plan will meet the requirements of the Code as a qualified Prototype Retirement Plan and Trust Account. Should the Commissioner of Internal Revenue or any delegate of the Commissioner at any time determine that the Plan and Trust Account fails to meet the requirements of the Code, the Sponsor will amend the Plan and Trust Account to maintain its qualified status.
QUALIFICATION OF PROTOTYPE. The Sponsor intends that this Plan will meet the requirements of Code Section 408(k)(6) and the regulations thereunder as a qualified Salary Reduction Simplified Employee Pension Plan. Should the Commissioner of Internal Revenue or any delegate of the Commissioner at any time determine that the Plan fails to meet the requirements of said Code Section 408(k)(6), the Sponsor will amend the Plan so as to maintain its qualified status.
QUALIFICATION OF PROTOTYPE. Baker & Hostetler LLP intends that this prototype Plan will meet the ▇▇▇▇▇rem▇▇▇▇ ▇▇ ▇he Internal Revenue Code as a qualified Prototype retirement plan and trust. Should the Commissioner of the Internal Revenue Service or any delegate of the Commissioner at any time determine that the Plan and Trust fails to meet the requirements of the Internal Revenue Code, Baker & Hostetler LLP will amend the Plan and Trust to maintain its q▇▇▇▇▇ied ▇▇▇▇▇▇.