Common use of Failure of Qualification Clause in Contracts

Failure of Qualification. If the Employer's Plan fails to attain or retain qualification, such Plan will no longer participate in this Pre-Approved Plan and will be considered an individually designed plan.

Appears in 3 contracts

Sources: Individual 401(k) Plan Purchase Agreement, Employer Sponsored Plan Account Agreement, Employer Sponsored Plan Account Agreement

Failure of Qualification. If the Employer's Plan plan fails to attain or retain qualification, such Plan plan will no longer participate in this Pre-Approved Regional Prototype Plan and will be considered an individually designed plan.

Appears in 1 contract

Sources: Adoption Agreement (Environmental Power Corp)