Common use of Permanency Clause in Contracts

Permanency. The Employer expects to continue this Plan and make the necessary contributions thereto indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder shall be construed as giving any Participant or any person whomsoever any legal or equitable right against the Employer, the Trustee (or Custodian, if applicable) the Plan Administrator or the Prototype Sponsor except as specifically provided herein, or as provided by law.

Appears in 12 contracts

Sources: 401(k) Savings Plan (Alaska Pacific Bancshares Inc), Qualified Retirement Plan (Teardrop Golf Co), Adoption Agreement (Bradford Funds Inc)

Permanency. The Employer expects to continue this Plan and make the necessary contributions thereto there to indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder shall be construed as giving any Participant or any person whomsoever any legal or equitable right against the Employer, the Trustee (or Custodian, if applicable) the Plan Administrator or the Prototype Sponsor except as specifically provided herein, or as provided by law.

Appears in 2 contracts

Sources: Basic Plan Document (Nabi /De/), Basic Plan Document (Nabi /De/)

Permanency. The Employer expects to continue this Plan and make the necessary contributions thereto indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder shall be construed as giving any Participant or any person whomsoever any legal or equitable right against the Employer, the Trustee (or Custodian, if applicable) ), the Plan Administrator or the Prototype Sponsor except as specifically provided herein, or as provided by law.

Appears in 2 contracts

Sources: Retirement Plan Document (Merchants & Manufacturers Bancorporation Inc), Tax Sheltered Custodial Account Agreement (New England Funds Trust I)

Permanency. The Employer expects to continue this Plan and make MAKE the necessary contributions thereto indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder her6under shall be construed as giving any Participant or any person whomsoever any my legal or equitable right against the Employer, the Trustee (or Custodian, if applicable) the Plan Administrator Adrnlnistrator or the Prototype Irrototype Sponsor except as specifically provided herein, or as provided by law.

Appears in 1 contract

Sources: Basic Plan Document (Weststar Financial Services Corp)

Permanency. The Employer expects to continue this Plan and make the necessary contributions thereto indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder shall be construed as giving any Participant or any person whomsoever any legal or equitable right against the Employer, the Trustee (or Custodian, if applicable) the Plan Administrator or the Prototype Sponsor except as specifically provided herein, or as provided by law.,

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Antigenics Inc /De/)

Permanency. The Employer expects to continue this Plan and make the necessary contributions thereto indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder shall be construed as giving any Participant or any other person whomsoever any legal or equitable right against the Employer, the Trustee (or Custodian, if applicable) ), the Plan Administrator Administrator, or the Prototype Sponsor except as specifically provided herein, or as provided by law.

Appears in 1 contract

Sources: Comprehensive 401(k) Profit Sharing Plan Nonstandardized Adoption Agreement (Kimball Electronics, Inc.)

Permanency. The Employer expects to continue this Plan and make the necessary contributions thereto indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder shall be construed as giving any Participant or any person whomsoever any legal or equitable right against the Employer, the Trustee (( or Custodian, if applicable) the Plan Administrator or the Prototype Sponsor except as specifically provided herein, or as provided by law.

Appears in 1 contract

Sources: Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct)

Permanency. The Employer expects to continue this Plan and make the necessary contributions thereto indefinitely, but such continuance and payment is not assumed as a contractual obligation. Neither the Adoption Agreement nor the Plan nor any amendment or modification thereof nor the making of contributions hereunder shall be construed as giving any Participant or any person whomsoever any legal or equitable right against the Employer, the Trustee (or Custodian, if applicable) the Plan Administrator or the Prototype Sponsor except as specifically provided herein, or as provided by law.

Appears in 1 contract

Sources: Defined Contribution Plan Document (Janus Investment Fund)