Common use of Payments to the Corporation Clause in Contracts

Payments to the Corporation. Except as provided in Section 3 hereof, the Corporation shall have no right or power to direct the Trustee to return to the Corporation or to divert to others any of the Trust assets before all payments have been made to the Executive or his beneficiaries pursuant to the terms of the Deferral Agreement.

Payments to the Corporation. Except as provided in Section 3 hereof, the Corporation shall have no right or power to direct the Trustee to return to the Corporation or to divert to others any of the Trust assets before all payments have been made to the Executive or his beneficiaries pursuant to the terms of the Deferral Agreement.

Payments to the Corporation. Except as provided in Section 3 hereof, after the Trust has become irrevocable, the Corporation shall have no right or power to direct the Trustee to return to the Corporation or to divert to others any of the Trust assets before all payments payment of benefits have been made to the Executive or his Plan participants and their beneficiaries pursuant to the terms of the Deferral AgreementPlan.