Common use of Collection of Contributions Clause in Contracts

Collection of Contributions. The Trustee shall have no authority over and shall have no responsibility for the administration of the Plan. The Trustee shall be under no duty to enforce the payment of any contribution to the Trust and shall not be responsible for the adequacy of the Trust to satisfy any obligations for benefits, expenses, and liabilities under the Plan. In addition to making contributions, the Employer, through the Committee, shall furnish the Trustee with such information and data relative to the Plan as is necessary for the proper administration of the Trust.

Appears in 6 contracts

Samples: Rabbi Directed Trust Agreement (Mercantile Bank Corp), Rabbi Directed Trust Agreement (Five Below, Inc), Trust Agreement (Equifax Inc)

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Collection of Contributions. The Trustee shall have no authority over and shall have no responsibility for the administration of the Plan. The Trustee shall be under no duty to enforce the payment of any contribution to the Trust Fund and shall not be responsible for the adequacy of the Trust Fund to satisfy any obligations for benefits, expenses, benefits expenses and liabilities under the Plan. In addition to making contributions, the EmployerCompany, through the CommitteePlan Administrator, shall furnish the Trustee with such information and data relative to the Plan as is necessary for the proper administration of the TrustTrust Fund.

Appears in 1 contract

Samples: Trust Agreement (New North Penn Bancorp Inc)

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