EFFECT OF THE TRUST. The provisions of the Plan shall govern the rights of the Participant to receive distributions pursuant to the Plan. The provisions of the Trust shall govern the rights of the Participant and the creditors of the Employer to the assets transferred to the Trust. The Employer shall at all times remain liable to carry out its obligations under the Plan. The Employee's obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and any such distribution shall reduce the Employee's obligation under the Plan.
Appears in 7 contracts
Samples: Employment Agreement (Miix Group Inc), Deferred Compensation Agreement (Miix Group Inc), Deferred Compensation Agreement (Miix Group Inc)
EFFECT OF THE TRUST. The provisions of the Plan shall govern the rights of the Participant to receive distributions pursuant to the Plan. The provisions of the Trust shall govern the rights of the Participant and the creditors of the Employer to the assets transferred to the Trust. The Employer shall at all times remain liable to carry out its obligations under the Plan. The Employee's obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and any such distribution shall reduce the Employee's obligation under the Plan.
Appears in 4 contracts
Samples: Deferred Compensation Agreement (Miix Group Inc), Deferred Compensation Plan (Miix Group Inc), Deferred Compensation Agreement (Miix Group Inc)
EFFECT OF THE TRUST. The provisions of the Plan shall govern the rights of the Participant to receive distributions pursuant to the Plan. The provisions of the Trust shall govern the rights of the Participant and the creditors of the Employer to the assets transferred to the Trust. The Employer shall at all times remain liable to carry out its obligations under the Plan. The EmployeeEmployer's obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and any such distribution shall reduce the EmployeeEmployer's obligation under the Plan.
Appears in 3 contracts
Samples: Deferred Compensation Plan (Miix Group Inc), Deferred Compensation Agreement (Miix Group Inc), Deferred Compensation Agreement (Miix Group Inc)
EFFECT OF THE TRUST. The provisions of the Plan shall govern the rights of the Participant to receive distributions pursuant to the Plan. The provisions of the Trust shall govern the rights of the Participant and the creditors of the Employer to the assets transferred to the Trust. The Employer shall at all times remain liable to carry out its obligations under the Plan. The Employee's obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and any such distribution shall reduce the Employee's obligation under the Plan.to
Appears in 2 contracts
Samples: Deferred Compensation Agreement (Miix Group Inc), Deferred Compensation Agreement (Miix Group Inc)
