Common use of Exclusive Benefit and Reversion of Sponsor Contributions Clause in Contracts

Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the participants in the Plan or their beneficiaries prior to the satisfaction of all liabilities with respect to the participants and their beneficiaries.

Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the participants in the Plan or their beneficiaries prior to the satisfaction of all liabilities with respect to the participants and their beneficiaries. However, the Sponsor retains the right provided in the Plan to have Trust assets revert to them upon a mistake of fact or disallowance of a deduction based upon any contribution to the Trust.

Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the participants Participants in the Plan or their beneficiaries prior to the satisfaction of all liabilities with respect to the participants Participants and their beneficiaries.

Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable lawlaw and the Plan, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the participants in the Plan or their beneficiaries baneficiaries prior to the satisfaction of all liabilities under the Plan with respect to the participants and their beneficiariesbaneficiaries.

Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the participants in the Plan Plans or their beneficiaries prior to the satisfaction of all liabilities with respect to the participants and their beneficiaries.