Common use of Status of Plan Clause in Contracts

Status of Plan. The Plan is intended to be a plan that is not qualified within the meaning of section 401(a) of the Code and that “is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of sections 201(2), 301(a)(3) and 401(a)(1)

Status of Plan. The Plan is intended to be a plan that is is: (a) not qualified within the meaning of section Code Section 401(a); (b) of the Code and that “is unfunded and is maintained by an employer the Company or Employer primarily for the purpose of providing deferred compensation for a select group of management or and highly compensated employees” within the meaning of sections ERISA Sections 201(2), 301(a)(3) and 401(a)(1401(a)(l); and (c) compliant in all respects with Section 409A. The Plan shall be administered and interpreted to the extent possible in a manner consistent with that intent.