Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her Beneficiary. The assets of the Account shall not be subject to the claims of the creditors of the Employer.
Appears in 8 contracts
Samples: Investment Accounting Agreement (Midas Fund Inc), Investment Accounting Agreement (Bull & Bear Gold Investors LTD), Investment Accounting Agreement (Bull & Bear Funds I Inc)
Exclusive Benefit. The assets of held in the Account shall cannot be used for, or diverted to, purposes other than for the exclusive benefit of the Employee Participant or his or her Beneficiary. The the Participant’s Beneficiary (assets of the Account shall not be subject are treated as diverted to the claims of Participant’s Employer if that Employer borrows assets from the creditors of the EmployerAccount).
Appears in 4 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Agreement
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee Participant or his or her Beneficiary, to the extent the Participant is vested in the Account as provided by the Plan Document, if any. The assets of the Account shall not be subject to the claims of the creditors Employer’s creditors. The interest of the EmployerParticipant in the balance of the Account shall at all times be nonforfeitable and nontransferable, to the extent the Participant is vested in the Account as provided by the Plan Document, if any.
Appears in 4 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her BeneficiaryBeneficiary except with regards to payment of the expenses of the Custodian and Plan Administrator authorized by the provisions of this Agreement, except to the extent the Participant is vested in the Account as provided by the Plan Document, if any, and except to the extent required by law. The To the extent allowed by law, the assets of the Account shall not be subject to the claims of the creditors of the Employeraccount holder.
Appears in 3 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
Exclusive Benefit. The assets of held in the Account shall cannot be used for, or diverted to, purposes other than for the exclusive benefit of the Employee Participant or his or her the Participant’s Beneficiary. The assets of the Account shall not be subject to the claims of the creditors of the Employer.
Appears in 2 contracts
Samples: davisfunds.com, selectedfunds.com
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her BeneficiaryBeneficiary except with regards to payment of the expenses of the Custodian and Plan Administrator authorized by the provisions of this Agreement, except to the extent the Participant is vested in the Account as provided by the Plan Document, if any, and except to the extent required by law. The To the extent allowed by law, the assets of the Account shall not be subject to the claims of the creditors of the Employeraccountholder.
Appears in 1 contract
Samples: Client Services Agreement
Exclusive Benefit. The assets of the Account shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or his or her Beneficiary. The assets of the Account shall not be subject to the claims of the creditors of the Employer.Employee. 11.4
Appears in 1 contract
Samples: Reduction Agreement (Jackson National Capital Management Funds)
