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.
Appears in 7 contracts
Samples: Master Trust Agreement (Quanex Corp), Master Trust Agreement (Quanex Corp), Master Trust Agreement (Quanex Corp)
Exclusive Benefit and Reversion of Sponsor Contributions. Except as provided under applicable lawlaw and the Plan, 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 participants in the Plan or their beneficiaries baneficiaries prior to the satisfaction of all liabilities under the Plan with respect to the Participants participants and their beneficiariesbaneficiaries.
Appears in 1 contract
Samples: Trust Agreement (Biogen Inc)