Common use of Tax Qualification Clause in Contracts

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service. Each trust established in connection with any Employee Benefit Plan which is intended to be exempt from Federal income taxation under Section 501(a) of the Code has been determined to be so exempt by the Internal Revenue Service. Since the date of each most recent determination referred to in this paragraph (f), no event has occurred and no condition or circumstance has existed that resulted or is likely to result in the revocation of any such determination or that could adversely affect the qualified status of any such Employee Benefit Plan or the exempt status of any such trust.

Appears in 3 contracts

Samples: Stock Purchase Agreement (National Fiberstok Corp), Stock Purchase Agreement (National Fiberstok Corp), Stock Purchase Agreement (Outsourcing Solutions Inc)

AutoNDA by SimpleDocs

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has has, as currently in effect, been determined to be so qualified by the Internal Revenue Service. Each trust established IRS or an application for a determination letter will be submitted to the IRS no later than the end of the applicable remedial amendment period as described in connection with any Employee Benefit Plan which is intended to be exempt from Federal income taxation under Section 501(a401(b) of the Code has been determined to be so exempt by the Internal Revenue ServiceCode. Since the date of each most recent determination referred to in this paragraph (f), no event has occurred and no condition or circumstance has existed that resulted or is reasonably likely to result in the revocation of any such determination or that could would adversely affect the qualified status of any such Employee Benefit Plan or the exempt status of any such trust.

Appears in 1 contract

Samples: Stock Purchase Agreement (Collagenex Pharmaceuticals Inc)

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be is so qualified by the Internal Revenue Servicequalified. Each trust established in connection with any Employee Benefit Plan which is intended to be exempt from Federal income taxation under Section 501(a) of the Code has been determined to be so exempt by the Internal Revenue Service. Since the date of each most recent determination referred to in this paragraph (f), no event has occurred and no condition or circumstance has existed that resulted or is likely to result in the revocation of any such determination or that could adversely affect the qualified status of any such Employee Benefit Plan or the exempt status of any such trust.

Appears in 1 contract

Samples: Securities Purchase Agreement (Banque Paribas)

AutoNDA by SimpleDocs

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service. Each trust established in connection with any Employee Benefit Plan which is intended to be exempt from Federal income taxation under Section 501(a) of the Code has been determined to be so exempt by the Internal Revenue Service. Since the date of each most recent determination referred to in this paragraph (fvi), no event has occurred and no condition or circumstance has existed that resulted or is likely to result in the revocation of any such determination or that could adversely affect the qualified status of any such Employee Benefit Plan or the exempt status of any such trust.

Appears in 1 contract

Samples: Purchase Agreement (Outsourcing Solutions Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.