Example ContractsClausesSpecial Allocation Rules
Special Allocation Rules
Special Allocation Rules contract clause examples

Special Rules. Notwithstanding anything herein to the contrary, the Administrator may adopt special rules applicable to the employees of a particular Designated Subsidiary, whenever the Administrator determines that such rules are necessary or appropriate for the implementation of the Plan in a jurisdiction where such Designated Subsidiary has employees; provided that such rules are consistent with the requirements of Section 423(b) of the Code. Any special rules established pursuant to this Section 13 shall, to the extent possible, result in the employees subject to such rules having substantially the same rights as other Participants in the Plan.

Notwithstanding any other provision of the Agreement or this Exhibit C, the following special allocations shall be made:

Notwithstanding any other provision of the Agreement or this Exhibit C, the following special allocations shall be made:

Special Rules. Notwithstanding anything herein to the contrary, the Administrator may adopt special rules applicable to the employees of a particular Designated Subsidiary, whenever the Administrator determines that such rules are necessary or appropriate for the implementation of the Plan in a jurisdiction where such Designated Subsidiary has employees; provided that if such rules are inconsistent with the requirements of Section 423(b) of the Code, these employees will participate in the Non-423 Component. Any special rules established pursuant to this Section 13 shall, to the extent possible, result in the employees subject to such rules having substantially the same rights as other Participants in the Plan.

Notwithstanding any other provision of the Agreement or this [Exhibit C], the following special allocations shall be made:

Notwithstanding any other provision of the Agreement or this [Exhibit C], the following special allocations shall be made in the following order:

Special Rules. Notwithstanding anything herein to the contrary, the Administrator may adopt special rules applicable to the employees of a particular Designated Subsidiary, whenever the Administrator determines that such rules are necessary or appropriate for the implementation of the Plan in a jurisdiction where such Designated Subsidiary has employees; provided that such rules are consistent with the requirements of Section 423(b) of the Code. Any special rules established pursuant to this Section 13 shall, to the extent possible, result in the employees subject to such rules having substantially the same rights as other Participants in the Plan.

Special Rules. Notwithstanding anything herein to the contrary, the Administrator may adopt special rules applicable to the employees of a particular Designated Company, whenever the Administrator determines that such rules are necessary or appropriate for the implementation of the Plan in a jurisdiction where such Designated Company has employees; provided that if such rules are inconsistent with the requirements of Section 423(b) of the Code, these employees will participate in the Non-423 Component. Any special rules established pursuant to this Section 14 shall, to the extent possible, result in the employees subject to such rules having substantially the same rights as other Participants in the Plan.

Special Rules. Notwithstanding anything herein to the contrary, the Administrator may adopt special rules applicable to the employees of a particular Designated Subsidiary, whenever the Administrator determines that such rules are necessary or appropriate for the implementation of the Plan in a jurisdiction where such Designated Subsidiary has employees; provided that with respect to the 423 Component, such rules are consistent with the requirements of Section 423(b) of the Code and if such rules are inconsistent with the requirements of Section 423(b) of the Code, these employees will participate in the Non-423 Component. Any special rules established pursuant to this Section 13 shall, to the extent possible and with respect to the 423 Component, result in the employees subject to such rules having substantially the same rights as other Participants in the Plan.

Special Rules. The Company has established the Company Common Stock Fund to be, and currently intends the Company Common Stock Fund remain, an unleveraged employee stock ownership plan with respect to qualifying employer securities that are publically traded within the meaning of Treas. Reg. § 54.4975-7(b)(iv). The Trustee is prohibited from allowing the Company Common Stock Fund to become a leveraged ESOP for purposes of Code [section 4975(e)(7)] and from entering into an Exempt Loan transaction on the Plan's behalf. Without limiting the foregoing, an "Exempt Loan" means a loan or loans made to the Plan by a Disqualified Person or a loan or loans to the Plan which is guaranteed by a Disqualified Person. The term "Exempt Loan" includes a direct loan of cash, a purchase-money transaction, and an assumption of the obligation of the Plan. For purposes of this Section, a "guarantee" includes an unsecured guarantee and the use of assets of a Disqualified Person as collateral for a loan, even though the use of assets may not be a guarantee under applicable state law. A "Disqualified Person" means any person described in Code [section 4975(e)(2)].

Next results

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.