Common use of PAYMENTS TO THE EMPLOYER Clause in Contracts

PAYMENTS TO THE EMPLOYER. Except as provided in Section 2(c) and 3 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 benefit payments have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 2 contracts

Samples: Rabbi Trust Agreement (Applied Extrusion Technologies Inc /De), Trust Agreement (CTG Resources Inc)

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PAYMENTS TO THE EMPLOYER. Except as provided in Section Sections 2(c) and (d) and Section 3 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 benefit payments have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Deferred Compensation Plan (Nco Group Inc)

PAYMENTS TO THE EMPLOYER. Except as provided in Section 2(c) and 3 hereofherein, the Employer shall not have no any right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all benefit payments of benefits have been made to Plan participants and their beneficiaries Participants or his Beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Trust Agreement (Shore Bancshares Inc)

PAYMENTS TO THE EMPLOYER. Except as provided in Section 1(a), 2(c), 2(d), 3 or 5(c) and 3 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 benefit Account-Based Benefits payments have been made to Plan participants and their the Executive or his beneficiaries pursuant to the terms of the PlanEmployment Agreement.

Appears in 1 contract

Samples: Trust Agreement (TJX Companies Inc /De/)

PAYMENTS TO THE EMPLOYER. Except as provided in Section 2(cSections 3 and 12(b) and 3 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 to anyone other than Plan participants or their beneficiaries before all benefit payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the PlanPlans.

Appears in 1 contract

Samples: Trust Agreement (Ensco International Inc)

PAYMENTS TO THE EMPLOYER. Except as provided in Section Sections 2(c) and 3 (d), Section 3, and Section 12 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 benefit payments have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Rabbi Trust Agreement (TCF Financial Corp)

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PAYMENTS TO THE EMPLOYER. Except as otherwise provided in Section 2(c12(d) and 3 hereofherein, 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 benefit payments payment of benefits have been made to Plan participants Participants and their beneficiaries Beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Trust Agreement (Finova Group Inc)

PAYMENTS TO THE EMPLOYER. Except as provided in Section 2(cSections 3 and 12(b) and 3 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 2005 Trust assets to anyone other than Plan participants or their beneficiaries before all benefit payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the PlanPlans.

Appears in 1 contract

Samples: Benefit Reserve Trust Agreement (Ensco International Inc)

PAYMENTS TO THE EMPLOYER. Except as provided in Section 2(c) and 3 hereof3, 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 benefit payments obligations of the Employer under the Plan Documents have been made to Plan participants and their beneficiaries pursuant to the terms of the Planfully satisfied.

Appears in 1 contract

Samples: Rabbi Trust Agreement (Procentury Corp)

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