Common use of Purpose of the Fund Clause in Contracts

Purpose of the Fund. The Trustee undertakes to hold such property (including cash) in trust and to pay to you and, if you so elect, to your spouse after your death, in each year commencing not later than the first complete calendar year after the year this agreement is entered into, an amount (herein called a “retirement income”) calculated according to the terms of the Act.

Purpose of the Fund. The Trustee undertakes to hold such property (including cash) in trust and to pay to you and, if you so elect, to your spouse after your death, in each year commencing not later than the first complete calendar year after the year this agreement is entered into, an amount (herein called a “retirement income”) calculated according to the terms of the ActAct .