Common use of Trust Irrevocable Clause in Contracts

Trust Irrevocable. The Trust shall be irrevocable and shall be held for the exclusive purpose of providing benefits under the Plan to Members and their Beneficiaries and defraying expenses of the Trust in accordance with the provisions of this Trust Agreement. Except as provided in Sections 3.6(c) and 3.6(d) and Articles IX and X hereof, no part of the income or corpus of the Trust Fund shall be recoverable by or for the Company.

Appears in 2 contracts

Sources: Deferred Compensation Plan Trust Agreement (Allwaste Inc), Deferred Compensation Plan Trust Agreement (Continental Airlines Inc /De/)

Trust Irrevocable. The Trust shall be irrevocable and shall be held for the exclusive purpose of providing benefits under the Plan to Members and their Beneficiaries and defraying expenses of the Trust in accordance with the provisions of this Trust Agreement. Except as provided in Sections Section 3.6(c) and 3.6(d) and Articles IX and X hereof, no part of the income or corpus of the Trust Fund shall be recoverable by or for the Company.

Appears in 1 contract

Sources: Deferred Compensation Plan Trust Agreement (Dynegy Inc /Il/)

Trust Irrevocable. The Trust shall be irrevocable and shall be held for the exclusive purpose of providing benefits under the a Plan to Members and their Beneficiaries Participants and defraying the Trust’s expenses of the Trust in accordance with the provisions of this Trust Agreement. Except as provided in Sections 3.6(c) and 3.6(d) and Articles IX and X hereof, no No part of the income or corpus of the Trust Fund shall be recoverable by or for the Company, except as provided in Section 4.1.

Appears in 1 contract

Sources: Benefits Trust Agreement (Anadarko Petroleum Corp)

Trust Irrevocable. The Trust shall be irrevocable and shall be held for the exclusive purpose of providing benefits under the Plan Plans to Members Participants and their Beneficiaries and defraying expenses of the Trust in accordance with the provisions of this Trust Agreement. Except as provided in Sections 3.6(c) and 3.6(d) and Articles IX and X hereof, no part of the income or corpus of the Trust Fund shall be recoverable by or for the CompanyEmployer.

Appears in 1 contract

Sources: Deferred Compensation Trust Agreement (Cooper Cameron Corp)