Common use of Separate Plans Clause in Contracts

Separate Plans. Pacific and Enova each agrees that even in the event that the Pacific and Pacific Sub pension plan shares a common or master trust with the Enova and Enova Sub pension plan and even if Enova and Pacific provide identical benefits the plans shall remain legally separate whereby the assets of one plan cannot be applied to the liabilities of the other plan.

Appears in 2 contracts

Sources: Merger Agreement (Enova Corp), Merger Agreement (Pacific Enterprises Inc)