Common use of Separate Trusts Clause in Contracts

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by the Company under a plan document which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with the Company, and neither the Company nor any such Employee Plan have liability or responsibility with respect to any such credit. This Section 11.4(b) does not apply to any plan which is a multi-employer plan (as defined in ERISA) as set forth in SCHEDULE 6.16.

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by the Company Seller under a plan document which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with the CompanySeller, and neither the Company Seller nor any such Employee Plan have liability or responsibility with respect to any such credit. This Section 11.4(b) does not apply to any plan which is a multi-employer multiemployer plan (as defined in ERISA) as set forth in SCHEDULE 6.16.

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by the Company KenCom under a plan document document, which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with the CompanyKenCom, and neither the Company KenCom nor any such Employee Plan have has liability or responsibility with respect to any such credit. This Section 11.4(b6.34(III)(b) does not apply to any plan which is a multi-employer plan (as defined in ERISA) as set forth in SCHEDULE 6.166.34.

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by the Company Key under a plan document document, which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with the CompanyKey, and neither the Company Key nor any such Employee Plan have has liability or responsibility with respect to any such credit. This Section 11.4(b) does not apply to any plan which is a multi-employer plan (as defined in ERISA) as set forth in SCHEDULE 6.1611.4.