Exclusive Benefit Rules Clause Samples
The Exclusive Benefit Rules clause establishes that certain benefits, rights, or privileges provided under an agreement are intended solely for the designated parties and not for any third parties. In practice, this means that only the specified beneficiaries—such as employees, plan participants, or contracting parties—can claim or enforce the benefits outlined, and no outside individuals or entities may assert rights under the agreement. This clause serves to prevent unintended third-party claims and ensures that the agreement's advantages are reserved exclusively for those explicitly identified, thereby maintaining clarity and limiting potential legal exposure.
Exclusive Benefit Rules. No part of the Trust shall be used for, or diverted to, purposes other than for the exclusive benefit of Participants, former Participants with a vested interest, and the Beneficiary or Beneficiaries of deceased Participants who have in a vested interest in the Plan at death.
Exclusive Benefit Rules. No part of the Fund shall be used for, or diverted to, purposes other than for the exclusive benefit of Participants, former Participants with a vested interest, and the beneficiary or beneficiaries of deceased Participants having a vested interest in the Fund at death.
