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MRVL » Topics » 3. Special Conditions

This excerpt taken from the MRVL 10-Q filed Sep 8, 2005.

3.                            Special Conditions

 

(a)                        The Employer shall make an Election, as defined in section 102 of the Ordinance, and shall apply to the Income Tax Commissioner to approve the Trustee and the Plan under the 102 Provisions. Subject to the approval of this Plan by the Israeli Income Tax Commissioner, the Special Conditions shall apply to the plan and to this Appendix.

 

(b)                       The Administrator shall exercise its discretion under the Plan in accordance with the terms of this Appendix.

 

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