Common use of Not Trustee Clause in Contracts

Not Trustee. Notwithstanding anything to the contrary herein contained, FBA shall not hold any funds in trust for CLIENT, its employees or its affiliates’ employees, and shall in no event be deemed to be a trustee for either of the parties regarding any sums covered by the Plan.

Appears in 1 contract

Sources: Health Reimbursement Arrangement Plan Maintenance Agreement

Not Trustee. Notwithstanding anything to the contrary herein contained, FBA shall not hold any funds in trust for CLIENT, its employees employees, or its affiliates’ affiliate’s employees, and shall in no event be deemed to be a trustee for either of the parties regarding any sums covered by the Plan.

Appears in 1 contract

Sources: Flexible Benefit Plan Maintenance Agreement