Common use of SCP Clause in Contracts

SCP. With respect to SCP, in the event that the plan or the Plan Sponsor has been a party to an abusive tax avoidance transaction (as defined in section 4.13(2)), SCP is not available to correct any Operational Failure that is directly or indirectly related to the abusive tax avoidance transaction.

Appears in 7 contracts

Samples: www.ftwilliam.com, benefitslink.com, benefitslink.com

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