Common use of Irrevocable Purpose Clause in Contracts

Irrevocable Purpose. The Trust continued hereby shall constitute an irrevocable trust established for the exclusive benefit of employees, in accordance with Section 302(c) of the Labor Management Relations Act of 1947, as amended by Public Law 86-257, 1959, and in accordance with the Act.

Appears in 3 contracts

Sources: Restated Agreement and Declaration of Trust, Restated Agreement and Declaration of Trust, Restated Agreement and Declaration of Trust

Irrevocable Purpose. The Trust continued created hereby shall constitute an irrevocable trust established for the exclusive benefit of employeesEmployees, in accordance with Section 302(c) of the Labor Labor-Management Relations Act of 1947, as amended by Public Law 86-257, 1959, and in accordance with the Act.

Appears in 2 contracts

Sources: Restated Agreement and Declaration of Trust, Trust Agreement

Irrevocable Purpose. The Trust continued hereby shall constitute an irrevocable trust established for the exclusive benefit of employeesEmployees, in accordance with Section 302(c302(c)(5) of the Labor Management Relations Act of 1947, as amended by Public Law 86-257, 1959amended, and in accordance with the ActERISA.

Appears in 1 contract

Sources: Trust Agreement