Payments to Bank. Except as provided in Sections 3 or 12 hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct Trustee to return to Bank or to divert to others any of the Trust assets before all payment of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.
Appears in 3 contracts
Samples: Supplemental Retirement Income Agreement (MFS Financial Inc), Executive Deferred Compensation Master Agreement (MFS Financial Inc), Marion Capital Holdings Inc
Payments to Bank. Except as provided in Sections Section 3 or 12 hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct Trustee to return to Bank or to divert to others any of the Trust assets before all payment payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.
Appears in 1 contract
Payments to Bank. Except as provided in Sections 3 or 12 hereof, after the Trust has become irrevocable, Bank shall have no right or power to direct Trustee to return to Bank or to divert to others any of the Trust assets before all payment of benefits have been made to Plan Director Plans participants and their beneficiaries pursuant to the terms of the PlanDirector Plans.
Appears in 1 contract
Samples: Compensation Master Agreement (Marion Capital Holdings Inc)
