Payments to Bank. Except as provided in Sections 3 or 12 hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct Trustee to return to Bank or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.
Appears in 3 contracts
Samples: Executive Supplemental Retirement Income Agreement (MFS Financial Inc), Executive Deferred Compensation Agreement (MFS Financial Inc), Rabbi Trust Agreement (Marion Capital Holdings Inc)
Payments to Bank. Except as provided in Sections 3 III or 12 XII hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct Trustee to return to Bank or to divert to others any of the Trust assets before all payment of benefits have been made to Benefit Plan participants and their beneficiaries pursuant to the terms of the PlanBenefit Plans.
Appears in 2 contracts
Samples: Rabbi Trust Agreement (United Community Bancorp), Deferred Compensation Agreement (Amb Financial Corp)
Payments to Bank. Except as provided in Sections 3 III or 12 XII hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Trust assets before all payment of benefits have been made to Plan the Benefit Plans participants and their beneficiaries pursuant to the terms of the PlanBenefit Plans.
Appears in 1 contract
Samples: Rabbi Trust Agreement (Centra Financial Holdings Inc)
Payments to Bank. Except as provided in Sections 3 or 12 hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct Trustee to return to Bank or to divert to others any of the Trust assets before all payment of benefits have been made to Plan Director Plans participants and their beneficiaries pursuant to the terms of the PlanDirector Plans.
Appears in 1 contract
Payments to Bank. Except as provided in Sections Section 3 or 12 hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct Trustee to return to Bank or to divert to others any of the Trust assets before all payment payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.
Appears in 1 contract
Samples: Non Qualified Deferred Compensation Trust Agreement (People's United Financial, Inc.)