Common use of Additional Contributions; Sufficiency of Funds Clause in Contracts

Additional Contributions; Sufficiency of Funds. The Company shall be obligated to continue to cause additional contributions (or increases to the amount that may be drawn against the letter of credit) to be made as may be necessary from time to time to insure that at all times following a Change in Control, the Trust contains sufficient funds, on a current basis, to pay all benefits due to the Plan Participants (or their designated beneficiaries) under the Plans, together with all reasonably anticipated claims against the Legal Defense Fund. The Trustee shall be under no duty to determine the sufficiency, or to enforce the making, of such contributions by the Company.

Appears in 2 contracts

Samples: Deferred Compensation and Benefits Trust Agreement (Sunoco Inc), Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

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Additional Contributions; Sufficiency of Funds. The Company shall be obligated to continue to cause additional contributions (or increases to the amount that may be drawn against the letter of credit) to be made as may be necessary from time to time to insure that at all times following a Change in Control, Control the Trust contains sufficient funds, on a current basis, to pay all benefits due to the Plan Participants (or their designated beneficiaries) under the Plans, together with all reasonably anticipated claims against the Legal Defense Fund. The Trustee shall be under no duty to determine the sufficiency, or to enforce the making, of such contributions by the Company.

Appears in 2 contracts

Samples: Directors’ Deferred Compensation and Benefits Trust Agreement (Sunoco Inc), Directors’ Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

Additional Contributions; Sufficiency of Funds. The Company shall be obligated to continue to cause additional contributions (or increases to the amount that may be drawn against the letter of credit) to be made as may be necessary from time to time to insure that at all times following a Change in Control, the Trust contains sufficient funds, on a current basis, to pay all benefits due to the Plan Participants (or their designated beneficiaries) under the Plans, together with all reasonably anticipated claims against the Legal Defense Fundfees and expenses described in Section 5. 1. The Trustee shall be under no duty to determine the sufficiency, or to enforce the making, of such contributions by the Company.

Appears in 1 contract

Samples: Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

Additional Contributions; Sufficiency of Funds. The Company shall be ---------------------------------------------- obligated to continue to cause additional contributions (or increases to the amount that may be drawn against the letter of credit) to be made as may be necessary from time to time to insure that at all times following a Change in Control, Control the Trust contains sufficient funds, on a current basis, to pay all benefits due to the Plan Participants (or their designated beneficiaries) under the Plans, together with all reasonably anticipated claims against the Legal Defense Fundfees and expenses described in Section 5. 1. The Trustee shall be under no duty to determine the sufficiency, or to enforce the making, of such contributions by the Company.

Appears in 1 contract

Samples: Directors' Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

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Additional Contributions; Sufficiency of Funds. The Company shall be obligated to continue to cause additional contributions (or increases to the amount that may be drawn against the letter of credit) to be made as may be necessary from time to time to insure that at all times following a Change in Control, Control the Trust contains sufficient funds, on a current basis, to pay all benefits due to the Plan Participants (or their designated beneficiaries) under the Plans, together with all reasonably anticipated claims against the Legal Defense Fundfees and expenses described in Section 5. 1. The Trustee shall be under no duty to determine the sufficiency, or to enforce the making, of such contributions by the Company.

Appears in 1 contract

Samples: Directors' Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

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