Common use of Limitation on Reversion of Legal Defense Fund Amount Clause in Contracts

Limitation on Reversion of Legal Defense Fund Amount. If the Trustee has knowledge of any legal claims that would entitle a Plan Participant to reimbursement of expenses under Article VI, or the Trustee reasonably believes that such claims are likely to be made, no part of the Legal Defense Fund Amount shall be returned to the Company at a time that any such claim is pending or any expense associated with such claim has not been reimbursed. In addition, in no event shall the Legal Defense Fund Amount be returned to the Company earlier than the expiration of the six-month period described in the first sentence of Section 10.1.

Appears in 4 contracts

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

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Limitation on Reversion of Legal Defense Fund Amount. If the Trustee has knowledge of any legal claims that would entitle a Plan Participant ---------------------------------------------------- have been instituted pursuant to reimbursement of expenses under Article VISection 10.5, or the Trustee reasonably believes that such claims are likely to be made, no part of the Legal Defense Fund Amount shall be returned to the Company at a time that any such claim is pending or any expense associated with such claim has not been reimbursed. In addition, in no event shall the Legal Defense Fund Amount be returned to the Company earlier than the expiration of the six-month period described in the first sentence of Section 10.19.1.

Appears in 1 contract

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

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