RIGHTS TO TRUST ASSETS. Except as specifically provided herein, the Beneficiaries of this trust shall have no rights to any assets of the trust.
RIGHTS TO TRUST ASSETS. No Employee or Beneficiary shall have any right to, or interest in, any assets of the Trust Fund except as provided under this Plan, and then only to the extent of the benefits payable to such Employee or Beneficiary out of the Trust Fund.
RIGHTS TO TRUST ASSETS. No Employee or Beneficiary shall have any right to, or interest in, any assets of the Trust upon termination of his employment or otherwise, except as provided from time to time under the Plan, and then only to the extent of the benefits payable under the Plan to such Employee out of the assets of the Trust. All payments of benefits as provided for in the Plan shall be made solely out of the assets of the Trust and none of the Fiduciaries shall be liable therefor in any manner.
RIGHTS TO TRUST ASSETS. The trust estate of the trust shall be held separate and apart from other funds of the Grantor and shall be used exclusively for the uses and purposes of the Employee and general creditors of the Grantor as herein set forth. The Employee and the Employee’s beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the trust. Any rights created under this Agreement shall be mere unsecured contractual rights of the Employee and the Employee’s beneficiaries against the Grantor. Any assets held by the trust will be subject to the claims of the Grantor’s general creditors under federal and state law in the event of the Grantor’s Insolvency, as defined in Section 3.1 herein.
RIGHTS TO TRUST ASSETS. No Participant shall have any right to, ---------------------- or interest in, any assets of the Trust Fund upon termination of employment or otherwise, except as provided for under the terms of this Plan, and then only to the extent of the benefits payable under the Plan to such Participant out of the assets of the Trust Fund. Except as otherwise may be provided under Title IV of ERISA, all payments of benefits as provided for in this Plan shall be made solely out of the assets of the Trust Fund and none of the fiduciaries shall be liable therefor in any manner.
RIGHTS TO TRUST ASSETS. 15.04. No Diversion of Trust Fund
