Common use of AMENDMENT BY EMPLOYER Clause in Contracts

AMENDMENT BY EMPLOYER. The Employer may amend any option in the Adoption Agreement, and may include language as permitted in the Adoption Agreement, (a) to satisfy Code Section 415, or (b) to avoid duplication of minimums under Code Section 416, because of the required aggregation of multiple plans. The Employer may add certain model amendments published by the Internal Revenue Service which specifically provide that their adoption will not cause the Plan to be treated as an individually designed plan for which the Employer must obtain a separate determination letter. If the Employer amends the Plan and Trust other than as provided above, the Employer's Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.

AMENDMENT BY EMPLOYER. The Employer may amend any option in the Adoption Agreement, and may include language as permitted in the Adoption Agreement, (a) to satisfy Code Section 415, or (b) to avoid duplication of minimums under Code Section 416, because of the required aggregation of multiple plans. The Employer may add certain model amendments published by the Internal Revenue Service which specifically provide that their adoption will not cause the Plan to be treated as an individually designed plan for which the Employer employer must obtain a separate determination letter. If the Employer amends the Plan and Trust other than as provided above, the Employer's Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.

AMENDMENT BY EMPLOYER. The Employer may amend any option in the Adoption Agreement, and may include language as permitted in the Adoption Agreement, (aA) to satisfy Code Section 415, or (bB) to avoid duplication of minimums under Code Section 416, because of the required aggregation of multiple plans. The Employer may add certain model amendments published by the Internal Revenue Service which specifically provide that their adoption will not cause the Plan to be treated as an individually designed plan for which the Employer must obtain a separate determination letter. If the Employer amends the Plan and Trust other than as provided above, the Employer's Employer s Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.

AMENDMENT BY EMPLOYER. The Employer may amend any option in the Adoption Agreement, and may include language as permitted in the Adoption Agreement, (a) to satisfy Code Section 415, or (b) to avoid duplication of minimums under Code Section 416, because of the required aggregation of multiple plans. The Employer may add certain model amendments published by the Internal Revenue Service which specifically provide that their adoption will not cause the Plan to be treated as an individually designed plan for which the Employer must obtain a separate determination letter. If the Employer amends the Plan and Trust other than as provided above, the Employer's Employer?s Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.

AMENDMENT BY EMPLOYER. The Employer may amend any option in the Adoption Agreement, and may include language as permitted in the Adoption Agreement, (a) to satisfy Code Section 415, or (b) to avoid duplication of minimums under Code Section 416, 416 because of the required aggregation of multiple plans. The Employer may add certain model amendments published by the Internal Revenue Service which specifically provide that their adoption will not cause the Plan to be treated as an individually designed plan for which the Employer must obtain a separate determination letter. If the Employer amends the Plan and Trust Trust/Custodial Account other than as provided above, the Employer's Plan shall no longer participate in this Prototype Plan and will be considered an individually designed plan.