Common use of PLAN TRUST Clause in Contracts

PLAN TRUST. Immediately after the Distribution Date or prior to that time, Leap shall establish, or cause to be established, a trust or separate trusts for the deposit of assets forming part of the Leap Executive Retirement Plans.

Appears in 3 contracts

Sources: Employee Benefits Agreement (Leap Wireless International Inc), Employee Benefits Agreement (Leap Wireless International Inc), Employee Benefits Agreement (Leap Wireless International Inc)