Common use of Limited Return of Contributions Clause in Contracts

Limited Return of Contributions. Except as provided in this paragraph, (1) Plan assets shall not revert to the Employer nor be diverted for any purpose other than the exclusive benefit of Participants or their Beneficiaries; and (2) a Participant's vested interest shall not be subject to divestment. As provided in ERISA section 403(c)(2), the actual amount of a Contribution made by the Employer (or the current value of the Contribution if a net loss has occurred) may revert to the Employer if:

Appears in 11 contracts

Samples: Plan and Trust Agreement (Southdown Inc), Plan and Trust Agreement (Timken Co), Roadway Services Inc

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Limited Return of Contributions. Except as provided in this paragraphSection 18.3, (1i) Plan assets shall not revert to the Employer nor be diverted for any purpose other than the exclusive benefit of Participants or their Beneficiariesand Beneficiaries and defraying reasonable expenses of administering the Plan; and (2ii) a Participant's vested interest shall not be subject to divestment. As provided in ERISA section 403(c)(2), the actual amount of a Contribution or portion thereof made by the Employer (or the current value of the Contribution such if a net loss has occurred) may revert to the Employer if:

Appears in 6 contracts

Samples: New Nisource Inc, Longview Fibre Co, Advo Inc

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Limited Return of Contributions. Except as provided in this paragraph, (1) Plan assets shall not revert to the an Employer nor be diverted for any purpose other than the exclusive benefit of Participants or their Beneficiaries; and (2) a Participant's ’s vested interest shall not be subject to divestment. As provided in ERISA section Section 403(c)(2), the actual amount of a Contribution made by the an Employer (or the current value of the Contribution if a net loss has occurred) may revert to the Employer if:

Appears in 1 contract

Samples: Plan and Trust Agreement (Leggett & Platt Inc)

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