Liability for Benefit Payments. The Company shall remain primarily liable to pay Benefits under the Participating Plans. However, the Company's liability under the Participating Plans shall be reduced or offset to the extent Benefit payments are made from the Trust.
Appears in 2 contracts
Samples: Trust Agreement (Lyondell Chemical Co), Trust Agreement (Lyondell Petrochemical Co)
Liability for Benefit Payments. The Company shall remain primarily liable to pay Supplemental Benefits under the Participating Plans. However, the Company's liability under the Participating Plans shall be reduced or offset to the extent Supplemental Benefit payments are made from the Trust.
Appears in 2 contracts
Samples: Benefit Plans Trust Agreement (Lyondell Chemical Co), Lyondell Petrochemical Co
Liability for Benefit Payments. The Company shall remain primarily liable to pay Benefits under the Participating Plans. However, the Company's ’s liability under the Participating Plans shall be reduced or offset to the extent Benefit payments are made from the Trust.
Appears in 1 contract
Liability for Benefit Payments. The Company shall remain primarily liable to pay Supplemental Benefits under the Participating Plans. However, the Company's ’s liability under the Participating Plans shall be reduced or offset to the extent Supplemental Benefit payments are made from the Trust.
Appears in 1 contract
