No Company Liability for Benefits. The benefits under this Plan shall be only such as can be provided by the Fund, and there shall be no liability or obligation on the part of the Company to make any further contributions or payments. Except as otherwise provided by the Act, no liability for the payment of benefits under this Plan shall be imposed upon the Companies or upon the officers, directors or shareholders of the Companies.
Appears in 8 contracts
Samples: Employee Stock Ownership Plan and Trust Agreement (Union Community Bancorp), Employee Stock Ownership Plan and Trust Agreement (Lincoln Bancorp /In/), Employee Stock Ownership Plan and Trust Agreement (Union Community Bancorp)
No Company Liability for Benefits. The benefits under this Plan shall be only such as can be provided by the Fund, and there shall be no liability or obligation on the part of the Company to make any further contributions or payments. Except as otherwise provided by the Act, no liability for the payment of benefits under this Plan shall be imposed upon the Companies Company or upon the officers, directors or shareholders of the CompaniesCompany.
Appears in 1 contract
Samples: Employee Stock Ownership Plan and Trust Agreement (Third Century Bancorp)
