Tax Qualifications. Each MAMP Benefit Plan that is intended to be tax qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS as to its qualification status or is in the form of a prototype document that is the subject of a favorable opinion letter from the IRS, and each such determination remains in effect and has not been revoked. To MAMP’s Knowledge, no event, or failure to act, has occurred that could jeopardize the qualified status of any MAMP Benefit Plan or result in the imposition of any material liability, penalty, or Tax under ERISA or the Code or any other applicable Law.
Tax Qualifications. To the extent that any provision of this Plan would prevent any Option that was intended to qualify under particular provisions of the Code from so qualifying, such provision of this Plan shall be null and void with respect to such Option, provided that such provision shall remain in effect with respect to other Options, and there shall be no further effect on any provision of this Plan. Notwithstanding any provision of this Plan to the contrary, if any benefit or Award under this Plan is intended to qualify as performance-based compensation under Code Section 162(m) and the regulations issued thereunder and a provision of this Plan would prevent such benefit or Award from so qualifying, such provision shall be administered, interpreted and construed to carry out such intention (or disregarded to the extent such provision cannot be so administered, interpreted or construed). In no event shall any member of the Board, the Committee or the Company (or its employees, officers or directors) have any liability to any Participant (or any other Person) due to the failure of an Award to satisfy the requirements of Section 162(m), Section 409A or any other applicable statutory or regulatory provision.
Tax Qualifications. To Alliance’s Knowledge, ACM International Reserves is registered as an exempted company under Cayman Islands law and has obtained an undertaking from the Cayman Islands authorities that, for a period of twenty years from 2 June 1998 (being the date of issue of such undertaking), no law which is enacted in the Cayman Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the company or its operations; and in addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable on or in respect of the shares, debentures or other obligations of the company or by way of withholding in whole or in part of any payment of dividend or other distribution of income or of capital by the company to its shareholders or any payment of principal or interest or other sums due under a debenture or other obligation of the company. To Alliance’s Knowledge, ACM International Reserves II is exempt from Irish tax on its income and gains as an investment company within the meaning of 739B(1) of the Taxes Consolidation Act, 1997.
Tax Qualifications. This Contract is intended to qualify as an annuity contract under the Code. To that end, all terms and provisions of the Contract shall be interpreted to ensure or maintain such qualification, notwithstanding any other provisions to the contrary. Payments and distributions under this Contract shall be made in the time and manner necessary to maintain such qualification under the applicable provisions of the Code in existence at the time this Contract is issued. We reserve the right to amend this Contract, to reflect any clarifications or changes that may be needed or are appropriate, or to conform it to any applicable changes in the tax requirements. Such changes will apply uniformly to all Contracts that are affected. We will send you written notice of any such changes. CONTRACT CHANGES Only the President, a Vice President, or the Secretary of the Company has authority to agree on behalf of the Company to any alteration of this Contract or to any waiver of the right or requirements of the company.
Tax Qualifications. Each Company Benefit Plan that is intended to be tax qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS as to its qualification status. No event, or failure to act, has occurred that could jeopardize the qualified status of any such Company Benefit Plan.
Tax Qualifications. It is the Intent of Lessor and Lessee that this Master Lease and any Lease constitute a capital lease for Federal and State income tax purposes. Lessee acknowledges that for income tax purposes only, Lessor is treating Lessee as owner of the Equipment and that Lessee has neither sought, nor received, tax advice from Lessor as to the availability of any tax benefits with respect to the Equipment.
Tax Qualifications. 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 an 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.
Tax Qualifications. Each Company Benefit Plan that is intended to be tax qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS as to its qualification status or is in the form of a prototype document that is the subject of a favorable opinion letter from the IRS, and each such determination remains in effect and has not been revoked. To the Company’s Knowledge, no event, or failure to act, has occurred that could jeopardize the qualified status of any Company Benefit Plan or result in the imposition of any material liability, penalty, or Tax under ERISA or the Code or any other applicable Law.
Tax Qualifications. Each Company Benefit Plan that is intended to be tax qualified under Section 401(a) of the Code is so qualified, in form and operation, and has received a favorable determination letter from the IRS stating that (i) the Plan meets all the requirements of the Code as of the date stated in the application for the letter and (ii) any trust or trusts associated with the plan are tax exempt under Section 501(a) of the Code. No event has occurred that could result in the qualified status under Section 401(a) of the Code of any such tax qualified Company Benefit Plan being denied or revoked, whether retroactively or prospectively, by the IRS. All amendments to the Company Benefit Plans that were required to be made to maintain the continued qualified status of such Company Benefit Plans under Section 401(a) of the Code have been timely made.
