EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE. The Employer, Administrator and Trustee, and their successors, shall not be responsible for the validity of any Contract issued hereunder or for the failure on the part of the Insurer to make payments provided by any such Contract, or for the action of any person which may delay payment or render a Contract null and void or unenforceable in whole or in part.
Appears in 5 contracts
Samples: Disclosure Statements and Trust Agreements, Adoption Agreement (MSC Software Corp), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)
EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE. The Employer, Administrator and Neither the Employer nor the Trustee, and nor their successors, shall not be responsible for the validity of any Contract issued hereunder or for the failure on the part of the Insurer insurer to make payments provided by any such Contract, or for the action of any person which may delay payment or render a Contract null and void or unenforceable in whole or in part.
Appears in 3 contracts
Samples: Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc), Employee Stock Ownership Plan and Trust (Uwharrie Capital Corp), Retirement & Profit Sharing Plan (Telxon Corp)
EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE. The Employer, Administrator and Trustee, and their successors, shall not be responsible for the validity of any Contract issued hereunder or for the failure on the part of the Insurer insurer to make payments provided by any such Contract, or for the action of any person which may delay payment or render a Contract null and void or unenforceable in whole or in part.
Appears in 3 contracts
Samples: 401(k) Plan (Chevron Corp), Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/), 401(k) Profit Sharing Plan Agreement (Winton Financial Corp)
EMPLOYER'S AND TRUSTEE'S PROTECTIVE CLAUSE. The Neither the Employer, Administrator and the Administrator, nor the Trustee, and nor their successors, successors shall not be responsible for the validity of any Contract issued hereunder or for the failure on the part of the Insurer insurer to make payments provided by any such Contract, or for the action of any person which may delay payment or render a Contract null and void or unenforceable in whole or in part.
Appears in 2 contracts
Samples: Employee Stock Ownership Plan and Trust Agreement (Allied Capital Corp), 401(k) Profit Sharing Plan and Trust Agreement (Ameritrade Holding Corp)
