Guest IRISH79 Posted March 19, 2007 Posted March 19, 2007 Plan Effective Date 01.01.2003. Adoption Agreement says voting rights w/r/t Employer Stock Option passed through to participants. This was not employer's intent. Trustee has been voting such shares as employer intended. No "material items" were subject of a vote during this period. Can this type of operational failure be corrected under SCP via retroactive amendment?
401_4_ever Posted March 21, 2007 Posted March 21, 2007 You can't do a retro-amend via self-correction. VCP only.
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