Common use of Payments to Company Clause in Contracts

Payments to Company. (a) Except as provided in Sections 3 and in this Section 4 (b), because the Trust is irrevocable, in accordance with Section 1(b) hereof, the Company shall not have the right or the power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Participants or their beneficiaries pursuant to the terms of the Plan.

Appears in 5 contracts

Samples: Executive Deferred Compensation Plan (Qep Co Inc), Retirement Benefit Restoration Plan (Weingarten Realty Investors /Tx/), Trust Agreement (Novastar Financial Inc)

AutoNDA by SimpleDocs

Payments to Company. (a) Except as provided in Sections 3 and in this Section 4 (b4(b), because the Trust is irrevocable, in accordance with Section 1(b) hereof, the Company shall not have the right or the power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Participants or their beneficiaries pursuant to the terms of the Plan.

Appears in 4 contracts

Samples: Deferred Compensation Plan (Greenbrier Companies Inc), Agreement (Greenbrier Companies Inc), Trust Under Agreement (WEB.COM Group, Inc.)

Payments to Company. (ac) Except as provided in Sections 3 and in this Section 4 (b4(b), because the Trust is irrevocable, in accordance with Section 1(b) hereof, the Company shall not have the right or the power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Participants or their beneficiaries pursuant to the terms of the Plan.

Appears in 2 contracts

Samples: Deferred Compensation Plan (Greenbrier Companies Inc), Agreement (Greenbrier Companies Inc)

Payments to Company. (a) Except as provided in Sections 3 and in this Section 4 (b) or this Section 4(c), because the Trust is irrevocable, in accordance with Section 1(b) hereof, the Company shall not have the right or the power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Participants Participant or their his beneficiaries pursuant to the terms of the PlanAgreement.

Appears in 2 contracts

Samples: Consulting and Separation Agreement (Janus Capital Group Inc), Separation Agreement (Janus Capital Group Inc)

AutoNDA by SimpleDocs

Payments to Company. (a) Except as provided in Sections 3 and in this Section 4 (b3, 4(b), because the Trust is irrevocable4(c), in accordance with Section 1(b4(d), 5(b) and 12(c) hereof, after the Trust has become irrevocable, Company shall not have the no right or the power to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payment of benefits have been made to Participants or Plan participants and their beneficiaries pursuant to the terms of the PlanPlan(s) to the extent such benefits are obligations of Company.

Appears in 1 contract

Samples: Agreement (At&t Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.