Distribution on Termination. In the event of termination of the Trust, all assets then constituting the Trust Fund, less any amounts constituting charges against the Trust Fund, shall be retained in trust by the Trustees for the Beneficiaries or shall be paid over or delivered by the Trustees to the Administrator to provide payments to the Beneficiaries. In no event upon the termination of the Trust shall the assets of the Trust Fund inure to the benefit of the Company, OSM or the USWA.
Appears in 2 contracts
Sources: Back Pay Trust Agreement, Back Pay Trust Agreement (Oregon Steel Mills Inc)