Common use of No Reversion to Employer Clause in Contracts

No Reversion to Employer. Except as specifically provided in the Plan, no part of the corpus or income of the Trust shall revert to the Employer or be used for, or diverted to purposes other than for the exclusive benefit of Participants and their Beneficiaries.

Appears in 5 contracts

Samples: 401(k) Plan (Floridian Financial Group Inc), Defined Contribution Plan and Trust (Capstone Pharmacy Services Inc), Trust Agreement (Southwest Community Bancorp)

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No Reversion to Employer. Except as specifically provided in the Plan, no part of the corpus or income of the Trust shall revert to the Employer or be used for, or diverted to to, purposes other than for the exclusive benefit of Participants and their Beneficiaries.

Appears in 1 contract

Samples: Adoption Agreement (Eureka Financial Corp.)

No Reversion to Employer. Except as specifically provided in the PlanSection 7.4, no part of the corpus or income of the Trust shall revert to the Employer Employer, or be used for, for or diverted to to, purposes other than for the exclusive benefit of Participants and their Beneficiariesother persons entitled to benefits under the Plans.

Appears in 1 contract

Samples: Trust Agreement

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No Reversion to Employer. Except as specifically provided in the Plan, no No part of the corpus or income of the Trust shall revert to the Employer or be used for, or diverted to to, purposes other than for the exclusive benefit of Participants and their BeneficiariesBeneficiaries except as provided in Section 4.2(e).

Appears in 1 contract

Samples: Retirement Plan (Ametek Inc/)

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