Deposits in Trust. The Employer may, at its sole discretion, establish with a corporate trustee a grantor rabbi trust under which all or a portion of the assets of the Plan are to be held, administered and managed. The trust agreement evidencing the trust shall conform with the terms of Revenue Procedure 92-64 or any successor procedure. The Employer in its sole discretion may make deposits to augment the principal of such trust.
Appears in 4 contracts
Samples: Participation Agreement (Polonia Bancorp), Participation Agreement (Northeast Community Bancorp Inc), Participation Agreement (Polonia Bancorp)
