Common use of Exclusive Benefit Rules Clause in Contracts

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.

Appears in 5 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Shared Technologies Cellular Inc), Adoption Agreement (Professionals Insurance Co Management Group)

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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 a deceased Participants Participant having a vested interest in the Fund at deaththe death of the Participant.

Appears in 2 contracts

Samples: Defined Contribution Plan and Trust (First Keystone Corp), Profit Sharing Plan (First Keystone Corp)

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