Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the participants in the Plan or their beneficiaries prior to the satisfaction of all liabilities with respect to the participants and their beneficiaries.
Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust allocable to a Plan may be used for, or diverted to, purposes other than the exclusive benefit of the Participants in the Plan or their beneficiaries prior to the satisfaction of all liabilities with respect to the Participants and their beneficiaries.
Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the Participants in the Plan or their beneficiaries or to pay the reasonable expenses of Plan administration. No assets of the Plan shall revert to the Sponsor, except as specifically permitted by the terms of the Plan.
Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the Participants in the Plan or their beneficiaries prior to the satisfaction of all liabilities with respect to the Participants and their beneficiaries.
Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable law and as provided to the limited extent set forth in the Plan, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the Members, or Beneficiaries prior to the satisfaction of all accrued liabilities with respect to each of the foregoing. Any obligation to contribute Salary Deferrals and/or Matching Contributions under the Plan or this Agreement after initial qualification is hereby conditioned upon the continued qualification of the Plan under section 401(a) of the Code and the exempt status of the Trust under section 501(a) of the Code and upon the deductibility of such Salary Deferrals and/or Matching Contributions under section 404(a) of the Code. That portion of any Salary Deferral of Matching Contribution which is contributed or made by reason of a good faith mistake of fact, or by reason of a good faith mistake in determining the deductibility of such portion, shall be returned to the Employers as promptly as practicable, but not later than one (1) year after the contribution was made or the deduction was disallowed (as the case may be). The amount returned pursuant to the preceding sentence shall be an amount equal to the excess of the amount actually contributed over the amount that would have been contributed if the mistake had not been made; provided, however, that any gains attributable to the returnable portion shall be retained in the Trust; and provided further, however, that the returnable portion shall be reduced (i) by any losses attributable thereto and (ii) to avoid a reduction in the balance of any Member's Account below the balance that would have resulted if the mistake had not been made.
Exclusive Benefit and Reversion of Sponsor Contributions. (a) Except as provided in paragraphs (b), (c) and (d) of this Section, or under applicable law, no part of the Trust may be used for, or diverted to, purposes other than the exclusive benefit of the participants in the Plan or their beneficiaries or the reasonable expenses of Plan administration.
Exclusive Benefit and Reversion of Sponsor Contributions. 4 SECTION 4. DISBURSEMENTS.......................................................4 (A) ADMINISTRATOR-DIRECTED DISBURSEMENTS...................................4 (B) PARTICIPANT WITHDRAWAL REQUESTS........................................4
Exclusive Benefit and Reversion of Sponsor Contributions. (a) Except as provided in the Plan and as permitted under ERISA, no part of the Trust may be used for, or diverted to, purposes other than (i) the exclusive benefit of the Participants in the Plan or their Beneficiaries and (ii) payment of reasonable expenses of administering the Plan.
Exclusive Benefit and Reversion of Sponsor Contributions. 7 Section 4. Disbursements 8 (a) Administrator-Directed Disbursements 8 (b) Participant Withdrawal Requests 8 (c) Limitations 8 Section 5. Investment of Trust 9 (a) Selection of Investment Options 9 (b) Available Investment Options 9 (c) Participant Direction 9 (d) Mutual Funds 10 (i) Execution of Purchases and Sales 10 (ii) Voting 10 (e) Sponsor Stock 11 (i) Acquisition Limit 11 (ii) Fiduciary Duty 12 (iii) Purchases and Sales of Sponsor Stock 12 (iv) Execution of Purchases and Sales of Units 13 (v) Securities Law Reports 14 (vi) Voting and Tender Offers 14 (vii) General 17
Exclusive Benefit and Reversion of Sponsor Contributions. 2 3 DISBURSEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . 2 (a) Administrator Directed Disbursements (b) Participant Withdrawal Requests (c) Limitations 4 INVESTMENT OF TRUST . . . . . . . . . . . . . . . . . . . . . . 3 (a) Selection of Investment Options (b) Available Investment Options (c) Participant Direction (d) Fidelity Mutual Funds (e) Non-Fidelity Mutual Funds (f) Sponsor Stock (g) Notes (h) Guaranteed Investment Contracts (i) Reliance of Trustee on Directions (j) Trustee Powers
