Common use of Payments to Company Clause in Contracts

Payments to Company. Except as provided in Sections 3 and 12 hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Semco Energy Inc

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Payments to Company. Except as provided in Sections section 3 and 12 hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the PlanPlan(s).

Appears in 1 contract

Samples: Agreement (Analog Devices Inc)

Payments to Company. A. Except as specifically provided in Sections 3 and 12 hereofSection 4, Section 5 or Section 14 or Subsections B or C of this Section 6, or otherwise specifically provided for under this Agreement, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants Participants and their beneficiaries Beneficiaries pursuant to the terms of the PlanPlans.

Appears in 1 contract

Samples: Non Qualified Pension Trust Agreement (People's United Financial, Inc.)

Payments to Company. Except as provided in Sections 3 Section 1(g) and 12 Section 4 hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the Plan, as certified to Trustee by the Plan Administrator (prior to a Change in Control) or the Independent Plan Administrator (on or after a Change in Control).

Appears in 1 contract

Samples: Agreement (Coastcast Corp)

Payments to Company. (a) Except as provided in Sections 3 and 12 2(a), 3, 4(b) or 5(c) hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Deferred Compensation Trust (Contran Corp)

Payments to Company. (a) Except as provided in Sections 3 3, 4(b), 4(c), 4(d), 5(b) and 12 12(c) hereof, after the Trust has become irrevocable, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the PlanPlan(s) to the extent such benefits are obligations of Company.

Appears in 1 contract

Samples: Agreement (At&t Inc.)

Payments to Company. Except as provided in Sections 2 or 3 and 12 hereof, the Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment payments of benefits have been made to the Plan participants Participants and their beneficiaries with respect to a Plan pursuant to the terms of the such Plan.

Appears in 1 contract

Samples: Agreement (NYSE Group, Inc.)

Payments to Company. (a) Except as provided in Sections 2(g), 3 and 12 12(c) hereof, Company the Employer shall have no right or power to direct the Trustee to return to Company the Employer or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants Participants and their beneficiaries pursuant to the terms of the PlanPlan(s) (as certified to the Trustee by the Employer).

Appears in 1 contract

Samples: Trust Agreement (Consolidated Edison Inc)

Payments to Company. A. Except as specifically provided in Sections 3 and 12 hereofSection 4, Section 5 or Section 15 or Subsections B or C of this Section 6, or otherwise specifically provided for under this Agreement, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants Participants and their beneficiaries Beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Qualified Trust Agreement (People's United Financial, Inc.)

Payments to Company. Except as provided in Sections 2 or 3 and 12 hereof, the Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment payments of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Trust Under (NYSE Group, Inc.)

Payments to Company. Except as provided in Sections 3 2(c) and 12 3, hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment payments of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the PlanPlan(s). Trustee shall be entitled to rely conclusively upon Company’s written certification that all such payments have been made.

Appears in 1 contract

Samples: Trust Agreement (Acushnet Holdings Corp.)

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Payments to Company. (a) Except as provided in Sections 3 3, 4(b), 5(c) and 12 12(c) hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants Participants and their beneficiaries pursuant to the terms of the PlanPlans.

Appears in 1 contract

Samples: Trust Agreement (Noble Energy Inc)

Payments to Company. Except as provided in Sections 2 and 3 and 12 hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the PlanPlans.

Appears in 1 contract

Samples: Restated Trust Agreement (Northern Trust Corp)

Payments to Company. 4.1 Except as provided in Sections 3 Article II and 12 Article III hereof, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Trust Agreement (Maf Bancorp Inc)

Payments to Company. Except as provided in Sections 1(e) or 3 and 12 hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants participant and their his beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Trust Agreement (Sherwin Williams Co)

Payments to Company. Except as provided in Sections 3 Articles II and 12 III hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment payments of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Rabbi Trust Agreement (VWR International, Inc.)

Payments to Company. Except as provided in Sections 3 4 and 12 7 hereof, the Company shall have no right or power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment payments of benefits to be made in the form of Company Stock have been made to the Plan participants Employee and their his or her beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Woodward Governor Co

Payments to Company. Except as provided in Sections 2 and 3 and 12 hereof, Company shall have no right or power to direct Trustee to return to Company or to divert to others any of the Trust assets before all payment of benefits have been made to the Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Northern Trust Corp

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