Common use of Exclusive Benefit of Employees Clause in Contracts

Exclusive Benefit of Employees. This Agreement has been made, and this Plan and Trust created, for the exclusive benefit of the Company’s full time employees and their beneficiaries. The terms of this Plan are intended to comply with the present pro-visions of Sections 401(a), 409, 501(a) and 4975(d)(3) and (e)(7) of the Internal Revenue Code, and as they may hereafter be amended, and Treasury Department Regulations in connection therewith, in order that the Plan and Trust may qualify for tax exemption. Under no circumstances shall any part of the principal or income of the Plan and Trust be used for, or revert to, the Company, or be used for, or diverted to, any purposes other than for the exclusive benefit of the employees and their beneficiaries. This Plan and Trust shall not be construed, however, as giving any employee, or any other person, any right, legal or equitable as against the Company, the Trustees or the principal or income of the Trust, except as specifically provided for herein, nor shall it be con-strued as giving any employee the right to remain in the Company’s employment.

Exclusive Benefit of Employees. This Agreement has been made, and this Plan and Trust created, for the exclusive benefit of the Company’s full time employees and their beneficiaries. The terms of this Plan are intended to comply with the present pro-visions provisions of Sections 401(a), 409, 501(a) and 4975(d)(3) and (e)(7) of the Internal Revenue Code, and as they may hereafter be amended, and Treasury Department Regulations in connection therewith, in order that the Plan and Trust may qualify for tax exemption. Under no circumstances shall any part of the principal or income of the Plan and Trust be used for, or revert to, the Company, or be used for, or diverted to, any purposes other than for the exclusive benefit of the employees and their beneficiaries. This Plan and Trust shall not be construed, however, as giving any employee, or any other person, any right, legal or equitable as against the Company, the Trustees or the principal or income of the Trust, except as specifically provided for herein, nor shall it be con-strued construed as giving any employee the right to remain in the Company’s employment.

Exclusive Benefit of Employees. This Agreement has been made, and this Plan and Trust created, for the exclusive benefit of the Company’s 's full time employees and their beneficiaries. The terms of this Plan are intended to comply with the present pro-visions provisions of Sections 401(a), 409, 501(a) and 4975(d)(3) and (e)(7401(k) of the Internal Revenue Code, and Code of 1986 as they may hereafter be amendedamended from time to time, and Treasury Department Regulations Regu-lations in connection therewith, therewith in order that the Plan and Trust may qualify for tax exemption. Under no circumstances shall any part of the principal or income of the Plan and Trust be used for, or revert to, the Company, or be used for, or diverted to, any purposes pur-poses other than for the exclusive benefit of the employees and their beneficiaries. This Plan and Trust shall not be construed, however, as giving any employee, or any other person, any right, legal or equitable as against the Company, the Trustees Trustees, or the principal or income of the Trust, except as specifically provided for herein, nor shall it be con-strued construed as giving any employee the right to remain with the Company or in the Company’s employment.

Exclusive Benefit of Employees. This Agreement has been made, and this Plan and Trust created, for the exclusive benefit of the Company’s 's full time employees and their beneficiaries. The terms of this Plan are intended to comply with the present pro-visions provisions of Sections 401(a), 409, 501(a) and 4975(d)(3) and (e)(7401(k) of the Internal Revenue Code, and Code of 1986 as they may hereafter be amendedamended from time to time, and Treasury Department Regulations Regu- lations in connection therewith, therewith in order that the Plan and Trust may qualify for tax exemption. Under no circumstances shall any part of the principal or income of the Plan and Trust be used for, or revert to, the Company, or be used for, or diverted to, any purposes pur- poses other than for the exclusive benefit of the employees and their beneficiaries. This Plan and Trust shall not be construed, however, as giving any employee, or any other person, any right, legal or equitable as against the Company, the Trustees Trustees, or the principal or income of the Trust, except as specifically provided for herein, nor shall it be con-strued construed as giving any employee the right to remain with the Company or in the Company’s 's employment.

Exclusive Benefit of Employees. This Agreement has been made, and this Plan and Trust created, for the exclusive benefit of the Company’s 's full time employees and their beneficiaries. The terms of this Plan are intended to comply with the present pro-visions of Sections 401(a), 409409A, 501(a) and 4975(d)(3) and (e)(7) of the Internal Revenue Code, and as they may hereafter be amended, and Treasury Department Regulations in connection therewith, in order that the Plan and Trust may qualify for tax exemption. Under no circumstances shall any part of the principal or income of the Plan and Trust be used for, or revert to, the Company, or be used for, or diverted to, any purposes other than for the exclusive benefit of the employees and their beneficiaries. This Plan and Trust shall not be construed, however, as giving any employee, or any other person, any right, legal or equitable as against the Company, the Trustees or the principal or income of the Trust, except as specifically provided for herein, nor shall it be con-strued as giving any employee the right to remain in the Company’s 's employment.

Exclusive Benefit of Employees. This Agreement has been made, and this Plan and Trust created, for the exclusive benefit of the Company’s 's full time employees and their beneficiaries. The terms of this Plan are intended to comply with the present pro-pro- visions of Sections 401(a), 409409A, 501(a) and 4975(d)(3) and (e)(7) of the Internal Revenue Code, and as they may hereafter be amended, and Treasury Department Regulations in connection therewith, in order that the Plan and Trust may qualify for tax exemption. Under no circumstances shall any part of the principal or income of the Plan and Trust be used for, or revert to, the Company, or be used for, or diverted to, any purposes other than for the exclusive benefit of the employees and their beneficiaries. This Plan and Trust shall not be construed, however, as giving any employee, or any other person, any right, legal or equitable as against the Company, the Trustees or the principal or income of the Trust, except as specifically provided for herein, nor shall it be con-con- strued as giving any employee the right to remain in the Company’s 's employment.

Exclusive Benefit of Employees. This Agreement has been made, and this Plan and Trust created, for the exclusive benefit of the Company’s 's full time employees and their beneficiaries. The terms of this Plan are intended to comply with the present pro-visions provisions of Sections 401(a), 409, 501(a) and 4975(d)(3) and (e)(7401(k) of the Internal Revenue Code, and Code of 1986 as they may hereafter be amendedamended from time to time, and Treasury Department Regulations Regu-lations in connection therewith, therewith in order that the Plan and Trust may qualify for tax exemption. Under no circumstances shall any part of the principal or income of the Plan and Trust be used for, or revert to, the Company, or be used for, or diverted to, any purposes pur-poses other than for the exclusive benefit of the employees and their beneficiaries. This Plan and Trust shall not be construed, however, as giving any employee, or any other person, any right, legal or equitable as against the Company, the Trustees Trustees, or the principal or income of the Trust, except as specifically provided for herein, nor shall it be con-strued construed as giving any employee the right to remain with the Company or in the Company’s 's employment.