Prohibited Transaction Class Exemption definition

Prohibited Transaction Class Exemption means U.S. Department of Labor prohibited transaction class exemption 84-14, 90-1, 91-38, 95-60 or 96-23, or any similar prohibited transaction class exemption issued by the U.S. Department of Labor.
Sample 1Sample 2Sample 3
Prohibited Transaction Class Exemption means a class exemption from the applicable restrictions of Section 406 of ERISA and Section 4975 of the Code issued by the Department of Labor.
Sample 1Sample 2

Examples of Prohibited Transaction Class Exemption in a sentence

  • The Independent Fiduciary shall comply with all relevant conditions set forth in Prohibited Transaction Class Exemption 2003-39, “Release of Claims and Extensions of Credit in Connection with Litigation,” issued December 31, 2003, by the United States Department of Labor, 68 Fed.

Related to Prohibited Transaction Class Exemption

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • QPAM Exemption is defined in Section 6.2(d).

  • Statutory Exemption means the statutory exemption under Section 408(b)(17) of ERISA and Section 4975(d)(20) of the Code.

  • Prohibited Transfer means any Transfer or purported Transfer of Corporation Securities to the extent that such Transfer is prohibited and/or void under this Article IX.

  • Similar Law As defined in Section 5.02(b).

  • Section 162(m) Exemption means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in Section 162(m)(4)(C) of the Code.

  • Similar Laws has the meaning set forth in Section 3.3(d).

  • New Exemption means the exemption from real property taxation provided hereunder with respect to the Exemption Area.

  • Reportable Event means any of the events set forth in Section 4043(c) of ERISA, other than events for which the thirty (30) day notice period has been waived.

  • Benefit Plan Investor means an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA, a “plan” as defined in and subject to Section 4975 of the Code or an entity whose underlying assets include plan assets of any of the foregoing.

  • Prohibited Investment means Property (other than prescribed excluded Property as that term is defined in the Tax Act) that is: