Common use of Sunset Provisions Clause in Contracts

Sunset Provisions. Plan amendments made to comply with the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), including, without limitation, amendments made to the contribution limits and rollover rules, are subject to the sunset provisions of EGTRRA Section 901. Under the sunset provision, the provisions of EGTRRA shall not apply to taxable or Plan Years beginning after December 31, 2010, pursuant to Section 901 of EGTRRA. With respect to taxable and Plan Years beginning after December 31, 2010, the Code shall be applied and administered as if EGTRRA had never been enacted. In such cases, the terms and conditions of the Plan shall revert to those terms and conditions that would have been in effect had the Plan not been amended as of January 1, 2002.