USE OF ADOPTION AGREEMENT Clause Samples

The "Use of Adoption Agreement" clause defines how and when an adoption agreement is to be utilized within the context of a broader contract or plan. Typically, this clause specifies that the adoption agreement serves as a supplementary document that outlines specific terms, elections, or choices made by a party, such as an employer adopting a standardized plan. For example, in employee benefit plans, the adoption agreement allows the employer to select options tailored to their needs while still adhering to the master plan document. The core function of this clause is to ensure that the adoption agreement is recognized as an integral and binding part of the overall contract, thereby providing clarity and flexibility in customizing standardized agreements to individual circumstances.
USE OF ADOPTION AGREEMENT. Failure to complete properly the elections in this Adoption Agreement may result in disqualification of the Employer's Plan. The 3-digit number assigned to this Adoption Agreement (see page 1) is solely for the Regional Prototype Plan Sponsor's recordkeeping purposes and does not necessarily correspond to the plan number the Employer designated in the prior paragraph.
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USE OF ADOPTION AGREEMENT. Failure to complete properly the elections in this Adoption Agreement may result in disqualification of the Employer’s Plan. The Employer only may use this Adoption Agreement in conjunction with the basic plan document referenced by its document number on Adoption Agreement page one.
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USE OF ADOPTION AGREEMENT. Failure to complete properly the elections in this Adoption Agreement may result in disqualification of the Employer's Plan. The 3-digit number assigned to this Adoption Agreement (see page 1) is solely for the Master Plan Sponsor's recordkeeping purposes and does not necessarily correspond to the plan number the Employer designated in the prior paragraph. Master Plan Sponsor. The Master Plan Sponsor identified on the first page of the basic plan document will notify all adopting employees of any amendment of this Master Plan of any abandonment or discontinuance by the Master Plan Sponsor of its maintenance of this Master Plan. For inquiries regarding the adoption of the Master Plan, the Master Plan Sponsor's intended meaning of any plan provisions or the effect of the opinion letter issued to the Master Plan Sponsor, please contact the Master Plan Sponsor, please contact the Master Plan Sponsor at the following address and telephone number: INVESCO Trust Company, 7800 E. Union Ave., Denver, Co▇▇▇▇▇▇ (▇▇▇) ▇▇▇-▇▇▇▇.
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USE OF ADOPTION AGREEMENT. Failure to complete properly the elections in this Adoption Agreement may result in disqualification of the Employer's Plan. The 3-digit number assigned to this Adoption Agreement (see page 1) is solely for the Master Plan Sponsor's recordkeeping purposes and does not necessarily correspond to the plan number the Employer designated in the prior paragraph. The Master Plan Sponsor offers the following Paired Pension Plan(s) with this Paired Profit Sharing Plan, identified by 3-digit adoption agreement number: ----------------------------------------------------------------- Master Plan Sponsor. The Master Plan Sponsor identified on the first page of the basic plan document will notify all adopting employers of an amendment of this Master Plan or of any abandonment or discontinuance by the Master Plan Sponsor of its maintenance of this Master Plan. For inquiries regarding the adoption of the Master Plan, the Master Plan Sponsor's intended meaning of any plan provisions or the effect of the opinion letter issued to the Master Plan Sponsor, please contact the Master Plan Sponsor at the following address and telephone number: ▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇., ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, (303) 779- 0731.
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USE OF ADOPTION AGREEMENT. Failure to complete properly the elections in this Adoption Agreement may result in disqualification of the Employer's Plan. The 3-digit number assigned to this Adoption Agreement is solely for the Master Plan Sponsor's recordkeeping purposes and does not necessarily correspond to the plan number the Employer designated in the prior paragraph.
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USE OF ADOPTION AGREEMENT. Failure to properly complete the elections in this Adoption Agreement may result in the disqualification of the Company's Plan. If the Company's Plan does not attain or retain its qualification, the Company can no longer participate under the Prototype and its Plan will be considered an individually designed plan. ▇▇▇▇▇ & Berne LLP will inform the adopting Company of any amendments made to the Prototype or of the discontinuance or abandonment of the Prototype. This Adoption Agreement is to be used only with the ▇▇▇▇▇ & Berne LLP Defined Contribution Prototype Plan and Trust Agreement Basic Plan Document #01. SPONSOR: ▇▇▇▇▇ & Berne LLP is the Sponsor of this Prototype Plan. Inquiries by a Company regarding adoption of the Prototype Plan, the meaning of any Prototype Plan provisions or the effect of an Opinion Letter should be directed to ▇▇▇▇▇ & Berne LLP, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, (216) 621-8400. FIRST AMENDMENT TO ▇▇▇▇▇ & BERNE LLP PROTOTYPE NONSTANDARDIZED PROFIT-SHARING/401(k) PLAN ADOPTION AGREEMENT #01-001 The undersigned, Shire US Inc. (the "Company"), hereby adopts this First Amendment as of the date set forth below:
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USE OF ADOPTION AGREEMENT. Failure to complete properly the elections in this Adoption Agreement may result in disqualification of the Employer's Plan. The Employer only may use this Adoption Agreement in conjunction with the basic plan document referenced by its document number on Adoption Agreement page one. Execution for Page Substitution Amendment Only. If this paragraph is completed, this Execution Page documents an amendment to Adoption Agreement Section(s) effective , by substitute Adoption Agreement page number(s) . Prototype Plan Sponsor. The Prototype Plan Sponsor identified on the first page of the basic plan document will notify all adopting employers of any amendment of this Prototype Plan or of any abandonment or discontinuance by the Prototype Plan Sponsor of its maintenance of this Prototype Plan. For inquiries regarding the adoption of the Prototype Plan, the Prototype Plan Sponsor's intended meaning of any Plan provisions or the effect of the opinion letter issued to the Prototype Plan Sponsor, please contact the Prototype Plan Sponsor at the following address and telephone number: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ 10th floor Chicago, IL 60601-2468, 312-223-5200.
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Related to USE OF ADOPTION AGREEMENT

  • Implementation of Agreement Each Party must promptly execute all documents and do all such acts and things as is necessary or desirable to implement and give full effect to the provisions of this Agreement.

  • Limitation of Agreement This Agreement is limited to and includes only the work included in the Project described above.

  • Confirmation of Agreement Except as amended hereby, the Custody Agreement is in full force and effect and as so amended is hereby ratified, approved and confirmed by the Customer and the Bank in all respects.

  • Incorporation of Terms of Plan The Option is subject to the terms and conditions of the Plan which are incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement, the terms of the Plan shall control.

  • DURATION OF AGREEMENT All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of Indemnitee’s Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.