Revocation by All Participants. Unless the Trust is otherwise revocable by the Employer, upon written approval of all Participants entitled to payment of benefits pursuant to the terms of the Plan, the Employer may terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Employer. The Trustee may rely conclusively on the Employer’s directive and certification that all Participants have consented to such revocation and termination.
Appears in 3 contracts
Samples: Rabbi Trust Agreement, Rabbi Trust Agreement (Hologic Inc), Trust Agreement (Hot Topic Inc /Ca/)
Revocation by All Participants. Unless the Trust is otherwise revocable by the Employerrevocable, upon written approval of all Participants entitled to payment of benefits pursuant to the terms of the PlanPlan(s), the Employer may terminate this Trust prior to the time all benefit payments under the Plan Plan(s) have been made. All assets in the Trust at termination shall be returned to the Employer. The Trustee may rely conclusively on the Employer’s 's directive and certification that all Participants have consented to such revocation and termination.
Appears in 2 contracts
Samples: Rabbi Trust Agreement (Itla Capital Corp), Rabbi Trust Agreement (Itla Capital Corp)
Revocation by All Participants. Unless the Trust is otherwise revocable by the Employerrevocable, upon written approval of all Participants entitled to payment of benefits pursuant to the terms of the PlanPlan(s), the Employer may terminate this Trust prior to the time all benefit payments under the Plan Plan(s) have been made. All assets in the Trust at termination shall be returned to the Employer. The Trustee may rely conclusively on the Employer’s 's directive and certification that all Participants have consented to such revocation and termination.
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