[Code of Federal Regulations]
[Title 26, Volume 15]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR36.3121(l)(4)-1]

[Page 450-451]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 36_CONTRACT COVERAGE OF EMPLOYEES OF FOREIGN SUBSIDIARIES--Table of Contents
 
Sec. 36.3121(l)(4)-1  Termination of agreement by Commissioner.

    (a) Notice of termination. The period for which an agreement entered 
into

[[Page 451]]

with a domestic corporation as provided in Sec. 36.3121(l)(1)-1 is in 
effect may be terminated by the Commissioner, with the prior concurrence 
of the Secretary of Health, Education, and Welfare, upon a finding by 
the Commissioner that the domestic corporation has failed to comply 
substantially with the terms of the agreement. The Commissioner shall 
give the corporation not less than 60 days' advance notice in writing 
that the period for which the agreement is in effect will terminate at 
the end of the calendar quarter specified in the notice of termination.
    (b) Revocation of notice of termination. A notice of termination 
given to a domestic corporation by the Commissioner may be revoked by 
the Commissioner, with the prior concurrence of the Secretary of Health, 
Education and Welfare by giving written notice of revocation to the 
corporation prior to the close of the calendar quarter specified in the 
notice of termination.