Common use of Effect of examination Clause in Contracts

Effect of examination. If the plan or Plan Sponsor is Under Examination, the VCR, Walk-in CAP, and TVC programs are not available; insignificant Operational Failures can be corrected under APRSC; and significant Operational Failures can be corrected under APRSC in limited circumstances. See section 9.

Appears in 2 contracts

Sources: Employee Plans Compliance Resolution System, Rev. Proc. 2000 16

Effect of examination. If the plan or Plan Sponsor is Under Examination, the VCR, Walk-in CAP, and TVC programs pro- grams are not available; insignificant Operational Op- erational Failures can be corrected under APRSC; and significant Operational Failures Fail- ures can be corrected under APRSC in limited circumstances. See section 9.

Appears in 1 contract

Sources: Closing Agreements