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, as currently in effect, 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, as currently in effect, been determined to be so exempt by the Internal Revenue Service. Each VEBA has been determined by the Internal Revenue Service to be exempt from Federal income tax under Section 501(c)(9) of the Code. 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 or VEBA.

Appears in 7 contracts

Samples: Asset Purchase Agreement (Collegiate Pacific Inc), Acquisition Agreement (Global Power Equipment Group Inc/), Agreement and Plan of Merger (Healthworld Corp)

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Tax Qualification. Each Employee Benefit Plan intended to be ----------------- qualified under Section 401(a) of the Code has, as currently in effect, been determined to be so qualified by the Internal Revenue ServiceIRS. 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, as currently in effect, been determined to be so exempt by the Internal Revenue ServiceIRS. Each VEBA has been determined by the Internal Revenue Service IRS to be exempt from Federal income tax under Section 501(c)(9) of the Code. 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 in or, to the knowledge of Seller, is 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 or VEBA.

Appears in 1 contract

Samples: Stock Purchase Agreement (American Software Inc)

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code IRC has, as currently in effect, been determined to be so qualified by the Internal Revenue ServiceIRS. 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 IRC has, as currently in effect, been determined to be so exempt by the Internal Revenue ServiceIRS. Each VEBA has been determined by the Internal Revenue Service IRS to be exempt from Federal income tax under Section 501(c)(9) of the CodeIRC. 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 or VEBA.

Appears in 1 contract

Samples: Indemnity Agreement (Kennedy Wilson Inc)

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has, as currently in effect, been determined to be so qualified by the Internal Revenue ServiceIRS. 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, as currently in effect, been determined to be so exempt by the Internal Revenue ServiceIRS. Each VEBA has been determined by the Internal Revenue Service IRS to be exempt from Federal income tax under Section 501(c)(9) of the Code. 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 in or, to the knowledge of Seller, is 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 or VEBA.

Appears in 1 contract

Samples: Stock Purchase Agreement (Infocrossing Inc)

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has, as currently in effect, been determined to be so qualified by the Internal Revenue ServiceIRS. 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, as currently in effect, been determined to be so exempt by the Internal Revenue ServiceIRS. Each VEBA has been determined by the Internal Revenue Service IRS to be exempt from Federal income tax under Section 501(c)(9) of the Code. Since To the knowledge of the Seller and the Company, since the date of each most recent determination referred to in this paragraph (fb)(5), 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 or VEBA.

Appears in 1 contract

Samples: Stock Purchase Agreement (DMW Worldwide Inc)

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Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has, as currently in effect, been determined to be so qualified by the Internal Revenue ServiceIRS. 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, as currently in effect, been determined to be so exempt by the Internal Revenue ServiceIRS. Each VEBA has been determined by the Internal Revenue Service IRS to be exempt from Federal income tax under Section 501(c)(9) of the Code. 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 would adversely affect the qualified status of any such Employee Benefit Plan or the exempt status of any such trust or VEBA.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Software Inc)

Tax Qualification. Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has, as currently in effect, been determined to be so qualified by the Internal Revenue ServiceIRS. 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, as currently in effect, been determined to be so exempt by the Internal Revenue ServiceIRS. Each VEBA has been determined by the Internal Revenue Service IRS to be exempt from Federal income tax under Section 501(c)(9) of the Code. 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 or VEBA.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (First Advantage Corp)

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