Common use of Payments to Employer Clause in Contracts

Payments to Employer. Except as provided in Section 1.2 hereof, after the Trust has become irrevocable, Employer shall have no right or power to direct the Trustee to return to Employer or to divert to others any of the Trust assets before all payment(s) of benefits have been made to Participants pursuant to the terms of the Plan(s).

Appears in 2 contracts

Samples: Trust Agreement (Itla Capital Corp), Corporation Rabbi Trust Agreement (Itla Capital Corp)

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Payments to Employer. Except as provided in Section 1.2 section 3 hereof, after the Trust has become irrevocable, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payment(s) payment of benefits have been made to Participants Plan participants and their beneficiaries pursuant to the terms of the Plan(s)Plan.

Appears in 1 contract

Samples: Perkins Family Restaurants Lp

Payments to Employer. Except as provided in Section 1.2 4.2(c) hereof, after the Trust has become irrevocable, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payment(s) of benefits have been made to Participants pursuant to the terms of the Plan(s)Plan.

Appears in 1 contract

Samples: Trust Agreement (Hologic Inc)

Payments to Employer. 4.1 Except as provided in Article 3 or Section 1.2 hereof11.2 herein, after the Trust has become irrevocable, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payment(s) of benefits Option Agreement Payments have been made to Participants pursuant to the terms of the Plan(s)Plan.

Appears in 1 contract

Samples: Trust Agreement (CHS Inc)

Payments to Employer. Except as provided in Section 1.2 3 hereof, after the Trust has become irrevocable, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payment(s) payment of benefits have been made to Participants Plan participants and their beneficiaries pursuant to the terms of the Plan(s)Plan.

Appears in 1 contract

Samples: Taylor Capital Group Inc

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Payments to Employer. Except as provided in Section Sections 1.2 and 4.2(c) hereof, after the Trust has become irrevocable, the Employer shall have no right or power to direct the Trustee to return to the Employer or to divert to others any of the Trust assets before all payment(s) of benefits have been made to Participants pursuant to the terms of the Plan(s)Plan.

Appears in 1 contract

Samples: Trust Agreement (Hot Topic Inc /Ca/)

Payments to Employer. Except as provided in Section 1.2 3 hereof, after the Trust has become irrevocable, Employer shall have no right or power to direct the Trustee to return to Employer or to divert to others any of the Trust assets before all payment(s) payments of benefits have been made to Participants Plan participants and their beneficiaries pursuant to the terms of the Plan(s)Plans.

Appears in 1 contract

Samples: Agreement (Brady Corp)

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