Common use of Payments to Company Clause in Contracts

Payments to Company. The Company shall have no right or power to direct Trustee to return to the Company or to divert to others any of the Trust assets, except as provided in Section 6 hereof, before all Share Releases and other required payments hereunder have been made to Noteholders and their beneficiaries pursuant to the terms of the Agreement.

Appears in 1 contract

Samples: Grantor Trust Agreement (Atc Healthcare Inc /De/)

AutoNDA by SimpleDocs

Payments to Company. The Except as provided in Sections III or XII 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, except as provided in Section 6 hereof, assets before all Share Releases and other required payments hereunder payment of benefits have been made to Noteholders the Benefit Plan participants and their beneficiaries pursuant to the terms of the AgreementBenefit Plan.

Appears in 1 contract

Samples: Directors Deferral Plan Agreement (Summit Financial Group Inc)

Payments to Company. The Except as provided in Sections 2 or 3 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, except as provided in Section 6 hereof, assets before all Share Releases and other required payments hereunder of benefits have been made to Noteholders the Participants and their beneficiaries pursuant to the terms of the AgreementPlan. After all payments of benefits have been made to the Participants and their beneficiaries, any remaining Trust assets shall be returned to the Company.

Appears in 1 contract

Samples: Trust Agreement (Priority Healthcare Corp)

Payments to Company. The Company shall have no right or power to direct the Trustee to return to the Company (or any Participating Affiliated Company) or to divert to others any of the Trust assets, except as provided in Section 6 hereof, assets before all Share Releases and other required payments hereunder of benefits have been made to Noteholders Plan Participants and their beneficiaries Beneficiaries pursuant to the terms of the AgreementPlan(s). The Trustee shall be entitled to rely conclusively upon the Company’s written certification that all such payments have been made.

Appears in 1 contract

Samples: Nonqualified Plans Master Trust (Dte Energy Co)

Payments to Company. The Except as provided in Sections 2(c) and 3 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, except as provided in Section 6 hereof, assets before all Share Releases and other required payments hereunder of benefits have been made to Noteholders the Executives and their beneficiaries pursuant to the terms of the AgreementEmployment Agreements.

Appears in 1 contract

Samples: Trust Agreement (Chartwell Re Corp)

Payments to Company. The Except as provided in Section 3 hereof, Company shall have no right or power to direct Trustee to return to the Company or to divert to others any of the Trust assets, except as provided in Section 6 hereof, assets before all Share Releases and other required payments hereunder payment of benefits have been made to Noteholders Executive and their his beneficiaries pursuant to the terms of the Agreement.

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Urs Corp /New/)

AutoNDA by SimpleDocs

Payments to Company. The Except as otherwise provided herein, 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, except as provided in Section 6 hereof, assets before all Share Releases and other required payments hereunder payment of benefits have been made to Noteholders Executive and their his beneficiaries pursuant to the terms of the AgreementEmployment Agreement (as certified to the Trustee by the Company and Executive or his beneficiaries).

Appears in 1 contract

Samples: Employment Agreement (LTV Corp)

Payments to Company. The Except as provided in Section 3 hereof, Company shall have no right or power to direct Trustee to return to the Company or to divert direct to others any of the Trust assets, except as provided in Section 6 hereof, trust assets before all Share Releases and other required payments hereunder of benefits have been made to Noteholders Executive and their his beneficiaries pursuant to the terms of the Employment Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Gaylord Entertainment Co /De)

Payments to Company. The Except as provided in Section 3, 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, except as provided in Section 6 hereof, assets before all Share Releases and other required payments hereunder have been made to Noteholders and their beneficiaries the Executive pursuant to the terms of the AgreementEmployment Agreement (as certified to the Trustee and the Executive by the Company). Trustee shall be entitled to rely conclusively upon Company’s and the Executive’s joint written certification that all such payments have been made.

Appears in 1 contract

Samples: Trust Agreement (Donnelley R R & Sons Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!