Common use of Separate Trusts Clause in Contracts

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by Key under a plan document, which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with Key, and neither Key nor any such Employee Plan has liability or responsibility with respect to any such credit. This Section 11.4(b) does not apply to any plan which is a multi-employer plan (as defined in ERISA) as set forth in SCHEDULE 11.4.

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by Key the Company under a plan document, document which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with Keythe Company, and neither Key the Company nor any such Employee Plan has have liability or responsibility with respect to any such credit. This Section 11.4(b) does not apply to any plan which is a multi-employer plan (as defined in ERISA) as set forth in SCHEDULE 11.46.16.

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by Key Seller under a plan document, document which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with KeySeller, and neither Key Seller nor any such Employee Plan has have liability or responsibility with respect to any such credit. This Section 11.4(b) does not apply to any plan which is a multi-employer multiemployer plan (as defined in ERISA) as set forth in SCHEDULE 11.46.16.

Separate Trusts. The assets of each Employee Plan are invested in a separate trust or under a trust with one or more other such plans where the assets of each plan are separately accounted for and available only to provide benefits to employees and beneficiaries covered under that Plan and to pay allocable administrative expenses. Each Employee Plan is maintained by Key KenCom under a plan document, which does not provide for other participating employers. No Employee Plan provides credit with respect to service other than with KeyKenCom, and neither Key KenCom nor any such Employee Plan has liability or responsibility with respect to any such credit. This Section 11.4(b6.34(III)(b) does not apply to any plan which is a multi-employer plan (as defined in ERISA) as set forth in SCHEDULE 11.46.34.