Common use of Payments to the Bank Clause in Contracts

Payments to the Bank. Except as provided in Article THIRD hereof, after the Trust has become irrevocable, the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Trust assets before all payments of benefits have been made to Plan participants and their beneficiaries pursuant to the terms of the Plan.

Appears in 1 contract

Samples: Agreement (Warwick Community Bancorp Inc)

AutoNDA by SimpleDocs

Payments to the Bank. Except as provided in Article THIRD Sections 2 and 3 hereof, after the Trust has become irrevocable, the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Trust assets before all payments payment of benefits have been made to Plan participants Executive and their his beneficiaries pursuant to the terms of the PlanSupplemental Agreement.

Appears in 1 contract

Samples: Trust Under Supplemental Retirement Agreement (Skaneateles Bancorp Inc)

Payments to the Bank. Except as provided in Article THIRD Section III or XII hereof, after the Trust has become irrevocable, the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the assets of the Trust assets before all payments payment of benefits have been made to Plan participants the Participants and their beneficiaries pursuant to the terms of the PlanDeferred Compensation Agreements.

Appears in 1 contract

Samples: Deferred Compensation Agreement (FNB Bancorp/Ca/)

AutoNDA by SimpleDocs

Payments to the Bank. Except as provided in Article THIRD Section 3 hereof, after the Trust has become irrevocable, the Bank shall have no right or power to direct the Trustee to return to the Bank or to divert to others any of the Trust assets Assets before all payments payment of benefits have been made the to participant in a Plan participants and their beneficiaries pursuant to the terms of the a Plan.

Appears in 1 contract

Samples: Trust Agreement (Versailles Financial Corp)

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