Common use of Payments to Employer Clause in Contracts

Payments to Employer. Except as expressly provided in this Section 4, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 2 contracts

Samples: Trust Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Trust Agreement (MTC Technologies Inc)

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Payments to Employer. Except as expressly provided in this Section 43 hereof, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payments payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Executive Deferred Compensation Plan Trust (Plexus Corp)

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Payments to Employer. Except as expressly provided in this Section 4Sections 3 and 10 hereof, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payments payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Deferred Compensation Plan Trust Agreement (Ruby Tuesday Inc)

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