Common use of Rights of Participants Limited Clause in Contracts

Rights of Participants Limited. Neither the creation of this Plan and Trust nor anything contained in this Plan or the Adoption Agreement shall be construed as giving any Participant, Beneficiary or Employee any equity or other interest in the assets, business or affairs of the Employer, or the right to complain about any action taken by or about any policy adopted or pursued by, the Employer, or as giving any Employee the right to be retained in the service of the Employer; and all Employees shall remain subject to discharge to the same extent as if the Plan had never been executed. Prior to the time that distributions are made in conformity with the provisions of the Plan, neither the Participants, nor their spouses, Beneficiaries, heirs-at-law, or legal representatives shall receive or be entitled to receive cash or any other thing of current exchangeable value, from either the Employer or the Trustee as a result of the Plan or the Trust.

Appears in 3 contracts

Samples: Adoption Agreement (Jones Medical Industries Inc /De/), Capstone Pharmacy Services Inc, Southbanc Shares Inc

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Rights of Participants Limited. Neither the creation of this Plan and the Trust nor anything contained in this Plan or the Adoption Agreement shall be construed as giving any Participant, Beneficiary Beneficiary, or Employee any equity or other interest in the assets, business business, or affairs of the Employer, or the right to complain about any action taken by or about any policy adopted or pursued by, by the Employer, or as giving any Employee the right to be retained in the service of the Employer; and all Employees shall remain subject to discharge to the same extent as if the Plan had never been executed. Prior to the time that distributions are made in conformity with the provisions of the Plan, neither the Participants, Participants nor their spouses, Beneficiaries, heirs-at-law, or legal representatives shall receive or be entitled to receive cash or any other thing of current exchangeable value, value from either the Employer or the Trustee as a result of the Plan or the Trust.

Appears in 1 contract

Samples: Adoption Agreement (Eureka Financial Corp.)

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Rights of Participants Limited. Neither the creation of this Plan and Trust nor anything contained in this Plan or the Adoption Agreement shall be construed as giving any Participant, Beneficiary or Employee any equity or other interest in the assets, business or affairs of the Employer, or the right to complain about any action taken by or 14535 61 05/01/07 about any policy adopted or pursued by, the Employer, or as giving any Employee the right to be retained in the service of the Employer; and all Employees shall remain subject to discharge to the same extent as if the Plan had never been executed. Prior to the time that distributions are made in conformity with the provisions of the Plan, neither the Participants, nor their spouses, Beneficiaries, heirs-at-law, or legal representatives shall receive or be entitled to receive cash or any other thing of current exchangeable value, from either the Employer or the Trustee as a result of the Plan or the Trust.

Appears in 1 contract

Samples: Agreement (Floridian Financial Group Inc)

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