Common use of No Trust Created Clause in Contracts

No Trust Created. Nothing contained in this Plan, and no action taken pursuant to its provisions by either party hereto, shall create, nor be construed to create, a trust of any kind or a fiduciary relationship between the Company and the Participant, his Beneficiary(ies), or any other person.

Appears in 2 contracts

Samples: Officers’ Deferred Compensation Plan (CENTURY NEXT FINANCIAL Corp), Directors’ Indexed Deferred Compensation Plan (CENTURY NEXT FINANCIAL Corp)

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No Trust Created. Nothing contained in this Plan, and no action taken pursuant to its provisions by either party hereto, shall create, nor be construed to create, a trust of any kind or a fiduciary relationship between the Company Participant and the ParticipantCompany, his Beneficiary(ies), Beneficiary or any other person.

Appears in 1 contract

Samples: Directors’ Deferral Income Plan (CENTURY NEXT FINANCIAL Corp)

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No Trust Created. Nothing contained in this Plan, and no action taken pursuant to its provisions by either party hereto, any person shall create, nor or be construed to create, a trust of any kind kind, or a fiduciary relationship between the Company Corporation and the Participant, his Beneficiary(ies), or any other person.

Appears in 1 contract

Samples: Deferred Compensation Plan Agreement (Community First Inc)

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