Common use of No Reversion to Employer Clause in Contracts

No Reversion to Employer. Except as provided herein, no portion of the principal or the income of the Trust Fund shall revert to or be recoverable by the Client or any Employer or ever be used for or diverted to any purpose other than for the exclusive benefit of participants in the Plans and persons claiming under or through them pursuant to the Plans, provided, however, that:

Appears in 3 contracts

Samples: Trust Agreement, Master Trust Agreement (Publix Super Markets Inc), Master Trust Agreement (Publix Super Markets Inc)

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No Reversion to Employer. Except as provided herein, no portion of the principal or the income of the Trust Fund shall revert to or be recoverable by the Client Company or any Employer or ever be used for or diverted to any purpose other than for the exclusive benefit of participants in the Plans and persons claiming under or through them pursuant to the Plans, provided, however, that:

Appears in 1 contract

Samples: Defined Contribution Plans Master Trust Agreement (Comcast Corp)

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