Common use of RIGHTS TO TRUST ASSETS Clause in Contracts

RIGHTS TO TRUST ASSETS. No Employee or Beneficiary shall have any right to, or interest in, any assets of the Trust Fund except as provided under this Plan, and then only to the extent of the benefits payable to such Employee or Beneficiary out of the Trust Fund.

Appears in 5 contracts

Samples: Adoption Agreement (BRPP LLC), Adoption Agreement (Sonic Corp), Fairfax Financial Holdings LTD/ Can

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RIGHTS TO TRUST ASSETS. No Employee Employee, Participant or Beneficiary shall have any right to, or interest in, any assets of the Trust Fund trust upon termination of employment or otherwise, except as provided under this the Plan, and then only to . All payments of benefits under the extent of the benefits payable to such Employee or Beneficiary Plan shall be made solely out of the Trust Fundassets of the Trust.

Appears in 1 contract

Samples: Garmin LTD

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