Common use of Purpose of Trust Fund Clause in Contracts

Purpose of Trust Fund. The Trust Fund continued hereby is for the purpose of providing (1) pension benefits and such other benefits as may be permitted by law under a plan of benefits adopted by the Trustees and (2) the means for financing the expenses of the Trustees in the operation and administration of the Pension Trust Fund, in accordance with this Agreement and Declaration of Trust. It is intended that this Trust be a multi-employer plan as that term is defined in Section 3(37) of the Act.

Purpose of Trust Fund. The Trust Fund continued hereby by this Trust Agreement is for the purpose of providing providing: (1) pension benefits retirement and such other benefits as which may be permitted by law under a 401(k) plan of benefits adopted by the Trustees Trustees; and (2) the means for financing the expenses of the Trustees in the operation and administration of the Pension Trust FundFund and the Plan of Benefits, in accordance with this Agreement and Declaration of Trust Agreement. If more than one Employer is obligated to contribute to this Trust. It is intended that this , then the Trust will be a multi-employer multiemployer plan as that term is defined in Section 3(37) of the ActERISA.