Common use of Savings Plan Trust Clause in Contracts

Savings Plan Trust. Prior to the Distribution Date, Certegy shall establish, or cause to be established, a trust qualified under Code (S) 401(a), which shall be exempt from taxation under Code (S) 501(a)(1), and form part of the Certegy Savings Plan. Certegy shall, prior to the end of the remedial amendment period for the Certegy Savings Plan, apply for a determination letter from the Internal Revenue Service that shall provide that the Certegy Savings Plan and its related trust satisfy the requirements for qualification under Code sections 401(a) and 501(a), and Certegy shall take all actions necessary or appropriate to obtain such letter.

Appears in 2 contracts

Sources: Employee Benefits Agreement (Certegy Inc), Employee Benefits Agreement (Certegy Inc)