No Reversion to Employers. Except as provided herein, no portion of the principal or the income of the Trust Fund shall revert to or be recoverable by the Employer (or any Participating Employer) or ever be used for or diverted to any purpose other than for the exclusive benefit of the Participants, Beneficiaries or alternate payees, provided, however, that:
Appears in 5 contracts
Samples: Adoption Agreement (BRPP LLC), Adoption Agreement (Sonic Corp), Fairfax Financial Holdings LTD/ Can
No Reversion to Employers. Except as provided herein, no portion of the principal or the income of the Trust Fund shall revert to or be recoverable by the Employer (Company or any Participating Employer) Employer or ever be used for or diverted to any purpose other than for the exclusive benefit of Members in the Participants, Beneficiaries Plan and persons claiming under or alternate payeesthrough them pursuant to the Plan, provided, however, that:
Appears in 1 contract
Samples: Agreement (Houghton Mifflin Co)
No Reversion to Employers. Except as provided herein, no portion of the principal or the income of the Trust Fund shall revert to or be recoverable by the Employer (Company or any Participating Employer) Employer or ever be used for or diverted to any purpose other than for the exclusive benefit of participants in the Participants, Beneficiaries Plans and persons claiming under or alternate payeesthrough them pursuant to the Plans, provided, however, that:
Appears in 1 contract
Samples: Chemtura Corporation Master Trust Agreement (Chemtura CORP)
No Reversion to Employers. Except as provided herein, no portion of the principal or the income of the Trust Fund shall revert to or be recoverable by the Employer (Company or any Participating Employer) Employer or ever be used for or diverted to any purpose other than for the exclusive benefit of participants in the Participants, Beneficiaries Plan and persons claiming under or alternate payeesthrough them pursuant to the Plan, provided, however, that:
Appears in 1 contract
