Common use of LIABILITY FOR PAYMENTS Clause in Contracts

LIABILITY FOR PAYMENTS. The Company (or certain of its subsidiaries) shall continue to be liable to the Plan Participants to make all payments required under the terms of the Plans to the extent such payments have not been made pursuant to this Trust Agreement. Distributions made from the Trust to or for Plan Participants in respect of the Plans pursuant to Article VII hereof, shall, to the extent of such distributions, satisfy the Company’s (or certain of its subsidiaries’) obligation to pay benefits to such Plan Participants under the Plans.

Appears in 2 contracts

Samples: Deferred Compensation and Benefits Trust Agreement (Sunoco Inc), Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

AutoNDA by SimpleDocs

LIABILITY FOR PAYMENTS. The Company (or certain of its subsidiaries) shall continue to be liable to the Plan Participants to make all payments required under the terms of the Plans to the extent such payments have not been made pursuant to this Trust Agreement. Distributions made from the Trust to or for Plan Participants in respect of the Plans pursuant to Article VII hereof, shall, to the extent of such distributions, satisfy the Company’s (or certain of its subsidiaries’) obligation to pay benefits to such Plan Participants under the Plans.

Appears in 2 contracts

Samples: Directors’ Deferred Compensation and Benefits Trust Agreement (Sunoco Inc), Directors’ Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

LIABILITY FOR PAYMENTS. The Company (or certain of its subsidiaries) shall continue to be liable to the Plan Participants to make all payments required under the terms of the Plans to the extent such payments have not been made pursuant to this Trust Agreement. Distributions made from the Trust to or for Plan Participants in respect of the Plans pursuant to Article VII hereof, shall, to the extent of such distributions, satisfy the Company’s 's (or certain of its subsidiaries') obligation to pay benefits to such Plan Participants under the Plans.

Appears in 1 contract

Samples: Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

LIABILITY FOR PAYMENTS. The Company (or certain of its subsidiaries) ---------------------- shall continue to be liable to the Plan Participants to make all payments required under the terms of the Plans to the extent such payments have not been made pursuant to this Trust Agreement. Distributions made from the Trust to or for Plan Participants in respect of the Plans pursuant to Article VII hereof, shall, to the extent of such distributions, satisfy the Company’s 's (or certain of its subsidiaries') obligation to pay benefits to such Plan Participants under the Plans.

Appears in 1 contract

Samples: Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

AutoNDA by SimpleDocs

LIABILITY FOR PAYMENTS. The Company (or certain of its subsidiaries) shall continue to be liable to the Plan Participants to make all payments required under the terms of the Plans to the extent such payments have not been made pursuant to this Trust Agreement. Distributions made from the Trust to or for Plan Participants in respect of the Plans pursuant to Article VII hereof, shall, to the extent of such distributions, satisfy the Company’s 's (or certain of its subsidiaries') obligation to pay benefits to such Plan Participants under the Plans.

Appears in 1 contract

Samples: Directors' Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

LIABILITY FOR PAYMENTS. The Company (or certain of its subsidiaries) shall continue to be liable to ---------------------- the Plan Participants to make all payments required under the terms of the Plans to the extent such payments have not been made pursuant to this Trust Agreement. Distributions made from the Trust to or for Plan Participants in respect of the Plans pursuant to Article VII hereof, shall, to the extent of such distributions, satisfy the Company’s 's (or certain of its subsidiaries') obligation to pay benefits to such Plan Participants under the Plans.

Appears in 1 contract

Samples: Directors' Deferred Compensation and Benefits Trust Agreement (Sunoco Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!