Common use of QDRO PROCEDURES Clause in Contracts

QDRO PROCEDURES. Do the default QDRO procedures under Section 11.08 of the Plan apply? 🞎 No 🗹 Yes 🞎 The provisions of Section 11.08 are modified as follows: [Note: Any modification must satisfy the requirements of Code §414(p) and related IRS guidance.] 🞎 (a) The adoption of a new plan, effective [insert Effective Date of Plan]. [Note: Date can be no earlier than the first day of the Plan Year in which the Plan is adopted.] 🗹 (b) An amendment or restatement of the Plan. If this Plan is being amended, a snap-on amendment may be used to designate the modifications to the Plan or the updated pages of the Adoption Agreement may be substituted for the original pages in the Adoption Agreement. All prior Employer Signature Pages should be retained as part of this Adoption Agreement.