Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her Beneficiary. The assets of the Account shall not be subject to the claims of the creditors of the Employer.
Appears in 8 contracts
Sources: Master Self Employed Retirement Plan Adoption Agreement (Investors Research Fund Inc), Section 403(b)(7) Custodial Account Agreement (Payden & Rygel Investment Group), Custody and Investment Accounting Agreement (Bull & Bear Funds Ii Inc)
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee Participant or his or her Beneficiary, to the extent the Participant is vested in the Account as provided by the Plan Document, if any. The assets of the Account shall not be subject to the claims of the creditors Employer’s creditors. The interest of the EmployerParticipant in the balance of the Account shall at all times be nonforfeitable and nontransferable, to the extent the Participant is vested in the Account as provided by the Plan Document, if any.
Appears in 4 contracts
Sources: Client Services Agreement, Client Services Agreement, Client Services Agreement
Exclusive Benefit. The assets of held in the Account shall cannot be used for, or diverted to, purposes other than for the exclusive benefit of the Employee Participant or his or her Beneficiary. The the Participant’s Beneficiary (assets of the Account shall not be subject are treated as diverted to the claims of Participant’s Employer if that Employer borrows assets from the creditors of the EmployerAccount).
Appears in 4 contracts
Sources: 403(b)(7) Custodial Account Agreement, 403(b)(7) Custodial Account Agreement, 403(b)(7) Custodial Account Agreement
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her BeneficiaryBeneficiary except with regards to payment of the expenses of the Custodian and Plan Administrator authorized by the provisions of this Agreement, except to the extent the Participant is vested in the Account as provided by the Plan Document, if any, and except to the extent required by law. The To the extent allowed by law, the assets of the Account shall not be subject to the claims of the creditors of the Employeraccount holder.
Appears in 3 contracts
Sources: Client Services Agreement, Client Services Agreement, Client Services Agreement
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her BeneficiaryBeneficiary except with regards to payment of the expenses of the Custodian and Plan Administrator authorized by the provisions of this Agreement, except to the extent the Participant is vested in the Account as provided by the Plan Document, if any, and except to the extent required by law. The To the extent allowed by law, the assets of the Account shall not be subject to the claims of the creditors of the Employeraccountholder.
Appears in 1 contract
Sources: Client Services Agreement
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her Beneficiary. The assets of the Account shall not be subject to the claims of the creditors of the EmployerEmployee.
Appears in 1 contract
Sources: Custodial Agreement (Jackson National Capital Management Funds)