Examlex
According to ERISA, a summary plan description (SPD) must provide descriptions of the plan's:
Ratify
To formally approve or confirm an agreement or act, making it officially valid.
Breach
The failure to perform obligations as stipulated in a contract, leading to potential legal consequences.
Liability
The state of being legally responsible for something, especially in terms of debts or legal obligations.
Nuisance
An act, condition, or thing unreasonably interfering with the use or enjoyment of land or property of another.
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