Common use of PLAN FINANCING Clause in Contracts

PLAN FINANCING. All benefits paid under this Plan ----------- -------------- shall be paid from the general assets of the Company. Such amounts shall be reflected on the accounting records of the Company but shall not be construed to create or require the creation of a trust, custodial, or escrow account. No Employee or Participant shall have any right, title or interest whatever in or to any investment reserves, accounts, or funds that the Company may purchase, establish, or accumulate to aid in providing benefits under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create a trust or fiduciary relationship of any kind between the Company and the Employee or any other person. Neither an Employee or any beneficiary of an Employee shall acquire any interest greater than that of an unsecured creditor.

PLAN FINANCING. All benefits paid under this Plan ----------- -------------- shall be paid from the general assets of the Company. Such amounts shall be reflected on the accounting records of the Company but shall not be construed to create or require the creation of a trust, custodial, or escrow account. No Employee or Participant Eligible Employees shall not have any right, title or interest whatever in or to any investment reserves, accounts, or funds that the Company may purchase, establish, or accumulate to aid in providing benefits the benefit under this Plan. Nothing contained in this Plan, and no action taken pursuant to its provisions, shall create a trust or fiduciary relationship of any kind between the Company and the an Employee or any other person. Neither an Employee or any beneficiary of an Employee shall acquire any interest greater than that of an unsecured creditor.