Benefits Not Guaranteed Sample Clauses

Benefits Not Guaranteed. The Employers, the Trustee and the Plan Administrator do not guarantee the payment of benefits under the Plan or this Trust. Each participant, beneficiary or other person will look solely to the insurance carriers under contract with the Plan to provide the Plan of Benefits for any benefits due under the Plan, and such benefits will be paid only to the extent that there is insurance therefor.
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Benefits Not Guaranteed. Neither the establishment nor maintenance of this Agreement shall provide any guarantee or other assurance that any amount will be payable under this Agreement.
Benefits Not Guaranteed. MainSource does not guarantee the payment of separation pay benefits and these separation pay guidelines do not constitute an “offer” of any kind to any employee working for MainSource. Separation pay is not a form of wages and is not earned during employment.
Benefits Not Guaranteed. The Employer, the Trustee and the Plan Administrator do not guarantee the payment of benefits
Benefits Not Guaranteed. The VEBA Committee, for itself and if acting in the capacity as Trustee, does not guarantee the payment of Benefits. Each Participant and beneficiary of a Participant shall look solely to the assets of the Trust Fund for payment of their Benefits. Nothing contained in the Trust Agreement or the Plans shall constitute a guarantee that the liquid assets of the Trust Fund will be sufficient to pay any Benefit to any person or make any other payment. Payments to be paid from the Trust Fund are limited to the liquid assets remaining in the Trust Fund at the time payment is made.
Benefits Not Guaranteed. The Trustee does not guarantee the payment of Benefits. Each Participant and beneficiary of a Participant shall look solely to the assets of the Trust Fund for payment of their Benefits. Nothing contained in the Trust or the Plans shall constitute a guarantee that the liquid assets of the Trust Fund will be sufficient to pay any Benefit to any person or make any other payment. Payments to be paid from the Trust Fund are limited to the liquid assets remaining in the Trust Fund at the time payment is made. Except for payments of Benefits under the Plans, no Participant shall receive any distribution of cash or other thing of Current or exchangeable value, either from the Trustee, on account of or as a result of the Trust Fund created hereunder.

Related to Benefits Not Guaranteed

  • No Post-Employment Obligations No Company Employee Plan provides, or reflects or represents any liability to provide, retiree life insurance, retiree health or other retiree employee welfare benefits to any person for any reason, except as may be required by COBRA or other applicable statute, and the Company has never represented, promised or contracted (whether in oral or written form) to any Employee (either individually or to Employees as a group) or any other person that such Employee(s) or other person would be provided with retiree life insurance, retiree health or other retiree employee welfare benefit, except to the extent required by statute.

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