Common use of Limitation on Amendment Clause in Contracts

Limitation on Amendment. The Sponsor shall make no amendment to this Trust Agreement that results in the forfeiture or reduction of the accrued benefit of any Participant or Beneficiary. Notwithstanding the preceding sentence, nothing herein contained shall restrict the right to amend the provisions of this Trust Agreement relating to the administration of the Plan and the Trust. Moreover, no such amendment shall be made under this Article which shall permit any part of the Trust to revert to the Sponsor or any Related Company or to be used for or be diverted to purposes other than for the exclusive benefit of Participants and Beneficiaries.

Appears in 7 contracts

Samples: Trust Agreement (Orion Capital Corp), Trust Agreement (Farr Co), Trust Agreement (Univision Communications Inc)

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