Common use of Plan Determinations Clause in Contracts

Plan Determinations. Each Company Plan intended to qualify under Code Section 401(a) has been determined by the Internal Revenue Service (“IRS”) to so qualify and is so qualified, and the trusts created thereunder have been determined to be exempt from Tax under Code Section 501(a) and are so exempt; copies of all determination letters that have been received by the Company have been made available to Buyer, and neither the Company, or to the Company’s Knowledge, any Company Subsidiary has taken any action, or received any notification of any action taken by any other Person since the date of such determination letters that might reasonably be expected to cause the loss of such qualification or exemption. With respect to each Company Plan that is a qualified profit sharing plan, all employer contributions accrued for plan years ending prior to the Closing under the Company Plan terms and Applicable Laws have been timely made.

Plan Determinations. Each Company Plan intended to qualify in all material respects under Code Section 401(a) (or the prototype or volume submitter document upon which the Company Plan is based) has been determined by the Internal Revenue Service (“IRS”) to so qualify and is so qualifiedqualify, and the trusts created thereunder have been determined to be exempt from Tax under Code Section 501(a) and are so exempt); copies of all determination or opinion letters that have been received by the Company have been delivered or made available to Buyer, and neither the Company, or to the Company’s Knowledge, any Company Subsidiary has Sellers have not taken any action, or received any notification of any action taken by any other Person since the date of such determination or opinion letters that might reasonably be expected to cause the loss of such qualification or exemption. With respect to each Company Plan that which is a qualified profit sharing plan, all employer contributions accrued for plan years ending on or prior to the Closing under the Company Plan terms and Applicable Laws have been timely made.

Plan Determinations. Each Company Plan intended to qualify under Code Section 401(a) (or the prototype or volume submitter document upon which the Company Plan is based) has been determined by the Internal Revenue Service (“IRS”) to so qualify and is so qualifiedqualify, and the trusts created thereunder have been determined to be exempt from Tax under Code Section 501(a) and are so exempt); copies of all determination or opinion letters that which have been received by the Company have been delivered or made available to Buyer, and neither the Company, or to the Company’s Knowledge, any Company Subsidiary has Sellers have not taken any action, or received any notification of any action taken by any other Person since the date of such determination or opinion letters that might reasonably be expected to cause the loss of such qualification or exemption. With respect to each Company Plan that which is a qualified profit sharing plan, all employer contributions accrued for plan years ending prior to the Closing under the Company Plan terms and Applicable Laws have been timely made.