Prototype Sponsor definition
Examples of Prototype Sponsor in a sentence
To obtain more information concerning the rules governing this Agreement, contact the Prototype Sponsor or Custodian listed on the Adoption Agreement.
By adopting this Agreement the IRA Owner delegates to the Prototype Sponsor the power to amend or replace this Agreement to conform it to the provisions of the Code, applicable Regulations or administrative rulings pertaining to IRAs, and to make such other changes to this Agreement, which, in the judgment of the Prototype Sponsor, are necessary or appropriate.
The Prototype Sponsor shall notify the IRA Owner should it discontinue sponsorship of this Agreement.
Notwithstanding the preceding sentence, the Prototype Sponsor may, as a condition of making the Plan available to the Employer, limit the types of property in which the assets of the Plan may be invested.
Specifically, it is understood that the amendments may be made unilaterally by the Prototype Sponsor.