It is the intent of the Board that the Plan shall be and remain qualified for tax
purposes under the Code. The Administrator shall promptly submit the Master Plan for
approval under the Code and all expenses incident thereto shall be borne by the GMEBS
Investment Fund. The Board may make any modifications, alterations, or amendments
to the Master Plan or Adoption Agreement necessary to obtain and retain approval of
the Secretary of the Treasury or his delegate as may be necessary to establish and
maintain the status of the Plan as qualified under the provisions of the Code or in
compliance with other federal legislation, as now in effect or hereafter enacted,
and the regulations issued thereunder. Any modification, alteration, or amendment
of the Plan, made in accordance with this Section, may be made retroactively, if necessary
or appropriate. A certified copy of the resolution of the Board making such amendment
shall be delivered to the Administrator and the Adopting Employers, and the Plan shall
be amended in the manner and effective as of the date set forth in such resolution,
and the Adopting Employers, Employees, Participants, beneficiaries, Administrator,
and all others having any interest under the Plan shall be bound thereby.
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