Other - Specify. NOTE: The method selected must preclude Employer discretion and the Employer must obtain a determination letter in order to continue reliance on the Plan's qualified status.
Appears in 2 contracts
Sources: Adoption Agreement for a Profit Sharing Plan (Main Street Banks Inc /New/), Adoption Agreement (Southbanc Shares Inc)
Other - Specify. NOTE: The method selected must preclude Employer discretion and the avoid inadvertent omissions, including any adjustments required under Code Section 415(e). The Employer must obtain a determination letter in order to continue reliance on the Plan's qualified status. 11.
Appears in 1 contract
Other - Specify. NOTE: The method selected must preclude Employer discretion and the avoid inadvertent omissions, including any adjustments required under Code Section 415(e). The Employer must obtain a determination letter in order to continue reliance on the Plan's qualified status.
Appears in 1 contract
Sources: Adoption Agreement for a Profit Sharing Plan (Main Street Banks Inc /New/)