Common use of Payments to the Employer Prior to Termination Clause in Contracts

Payments to the Employer Prior to Termination. Except with respect to the reimbursement of the Employer by the Trust for benefit payments made directly to a Participant by the Employer pursuant to Section 4.2(c), no part of the Trust shall revert to the Employer at any time prior to the earlier of the Employer’s Insolvency, as defined in Article X, or the satisfaction of all liabilities under the Plan, as described in Section 9.1.

Appears in 4 contracts

Samples: Rabbi Trust Agreement, Rabbi Trust Agreement (MEADWESTVACO Corp), Trust Agreement (Hot Topic Inc /Ca/)

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