Common use of No Reversion Clause in Contracts

No Reversion. Notwithstanding any other contrary provision of the Plan, but subject nevertheless to Sections 5 and 16, no part of the assets in the Trust shall revert to the Employer, and no part of such assets, other than that amount required to pay taxes or administrative expenses, shall be used for any purpose other than exclusive benefit of Employees or their Beneficiaries. However, the Employer may request a return, and this Section 25.10 shall not prohibit return, of an amount to the Employer under any of the following circumstances:

Appears in 3 contracts

Samples: Scudder Flexi Plan Agreement (Scudder Portfolio Trust/), Scudder Flexi Plan Agreement (Scudder Equity Trust), Scudder Flexi Plan Agreement (Scudder Investment Trust)

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No Reversion. Notwithstanding any other contrary provision of the Plan, but subject nevertheless to Sections 5 and 16Articles XVIII, no part of the assets in the Trust shall revert to the Employer, and no part of such assets, other than that amount required to pay taxes or administrative expenses, shall be used for any purpose other than exclusive benefit of Employees or their Beneficiaries. However, the Employer may request a return, and this 155 178 Section 25.10 shall not prohibit return, of an amount to the Employer under any of the following circumstances:

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (United States Lime & Minerals Inc)

No Reversion. Notwithstanding any other contrary provision of the Plan, but subject nevertheless to Sections 5 5, 6 and 1618, no part of the assets in the Trust shall revert to the Employer, and no part of such assets, other than that amount required to pay taxes or administrative expenses, shall be used for any purpose other than exclusive benefit of Employees or their Beneficiaries. However, the Employer may request a return, and this Section 25.10 shall not prohibit return, of an amount to the Employer under any of the following circumstances:.

Appears in 1 contract

Samples: Employer Adoption Agreement (Scudder Gnma Fund)

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No Reversion. Notwithstanding any other contrary provision of the Plan, but subject nevertheless to Sections 5 Articles V and 16XVIII, no part of the assets in the Trust shall revert to the Employer, and no part of such assets, other than that amount required to pay taxes or administrative expenses, shall be used for any purpose other than exclusive benefit of Employees or their Beneficiaries. However, the Employer may request a return, and this Section 25.10 shall not prohibit return, of an amount to the Employer under any of the following circumstances:

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Tro Learning Inc)

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