Common use of Exclusive Benefit Rule Clause in Contracts

Exclusive Benefit Rule. Except as provided in Section 11.02, or as otherwise permitted or required by ERISA or the Code, no asset of the Trust shall be used for, or diverted to, purposes other than the exclusive benefit of Plan participants or their beneficiaries or for the reasonable expenses of administering the Plan and Trust until all liabilities for benefits due Plan participants or their beneficiaries have been satisfied.

Exclusive Benefit Rule. Except as provided in Section 11.02, or as otherwise permitted or as required by ERISA or the Code, no asset of the this Trust shall be used for, or diverted to, purposes other than the exclusive benefit of Plan participants or their beneficiaries or for the reasonable expenses of administering the Plan and Trust until all liabilities for benefits due Plan participants or their beneficiaries have been satisfied.

Exclusive Benefit Rule. Except as provided in Section 11.02, or as otherwise permitted or required by ERISA ERISA, the Code or the Codeother applicable law, no asset of the Trust shall be used for, or diverted to, purposes other than the exclusive benefit of Plan participants or their beneficiaries or for the reasonable expenses of administering the Plan and Trust until all liabilities for benefits due Plan participants or their beneficiaries have been satisfied.

Exclusive Benefit Rule. Except as provided in Section 11.02, or as otherwise permitted or required by ERISA applicable law or the Code, no asset of the Trust shall be used for, or diverted to, purposes other than the exclusive benefit of Plan participants or their beneficiaries or for the reasonable expenses of administering the Plan and Trust until all liabilities for benefits due Plan participants or their beneficiaries have been satisfied.

Exclusive Benefit Rule. Except as provided in Section 11.02, or as otherwise permitted or as required by ERISA or the Code, no asset of the this Trust shall be used for, or diverted to, purposes other than the exclusive benefit of Plan participants or their beneficiaries or for the actual and reasonable expenses of administering the Plan and Trust until all liabilities for benefits due Plan participants or their beneficiaries have been satisfied.