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
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
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