Common use of Plan and Trust Characteristics Clause in Contracts

Plan and Trust Characteristics. To the extent the Plan is designed to cover employees of the Employer, the Employer shall at all times ensure that the Plan and this Trust shall have the characteristics supporting a determination that the Plan is an arrangement constituting an unfunded plan maintained for the purposes of providing deferred compensation to a select group of management or highly compensated employees for purposes of Title I of ERISA.

Appears in 4 contracts

Samples: Trust Agreement, Trust Agreement (MEADWESTVACO Corp), Trust Agreement (Hologic Inc)

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