HomeMy WebLinkAbout0341 ~
a
:
~ i
~
beneEiciary uE~Eare such determinati~~n ~~f •~ual if ication_
by th~ i~tr~rn~il Rcv~~nu~~ Servi~e. 'I'hc~ .~?1~ ex:e~:tion r.~
this ~~~~n~ral ;~rovi:~ ion is that thP l~c~.~f i: iary of a
Partici~ant ~ah.~ ~ii~ti ~~r ior to such ,1•~~-c~r ni~~at inn oE
qualifi~ation l~y the Internai Revenu:~ 7:~rvice shall
entir_lec~ t:~ t+~~ t~r~~~~eeds oE any 1 ifF~ incuranc.~
pcotect i~~n {~ur.:h~ti~c~ by the :'r uste~ f ro~: t~i~ T~surer -
which is i~ ful t force and eEfect ~~n the 1 i f~• ~f ~uch
Participant at •~ate of death.
itIX:S It shal 1 hF~ im~,c~ssihl~, at- any ti~nc i~r ior tc~ the
satisfacte~~n ~f ~ll li3bilities with re.E:~ct Gn
empl oyees :~~i 1 ti~e i r be~~ef ic iar ies un~ier th is P1 an an~
Trust, for any part of the corpus ur i~crn,~e to bP
(within th~~ t~~~c3hl~ year or thereafter) useci for, or ,
diverted to, ~~ur~oses other than Eor t~~~~ c~xclusive
beneEit of th~ l:mc~l~ycr's eiaployee~ ~~r tl~~~ir
benef ici~r ies; an~j the l:nployer shal l n~~t he ~,ntitle3
to receive t;~ck an;~ part of its contr i~~,~?. i~ns to this
Trust, ex:-c~:t •~s set forth ~~nder ~r t ict~~ 't'J: 3 an~ this
Articl~ ::IK. Any Cu~i~~s arisinc~ fr~~ii f~~rf~_it~~re~,
divic~encis, ~~r rct~rn of pre~ai~~in, be~a~>>~~ =~E ti~e
termination ~~f s~~vire oF a Parti~-i~:.~nr. ~c for any
; other_ re~sun, .~hall t~e used t~ reducP ttic s~ount oE
E ` contribuli~~R:a Ezy th~ i:mployer in the eurr~nt ye.~r or
subscquent year:~. ForEeitures shall not i~e us~~ to
~ incr.~asc~ henc~f its un~jer the Plan. ~
~ XIX:6 ~vo ~list-r ihut i~~~~ of izenef it to a Part i.:i~-~~~nt ~~r hi =
~ €
~ ben~f iciar~~ ~h ~11 ~~•cur except for ~~or a.al retir~r~~~nt, ;
early rt~t ire~~e~it, 1~te retirement, <ic3th, ~-~isahility,
tPCiTl1117t1 ~~i ~)f .?il.:lO~fl;it'~tt nC t(~l"~lllil.ltl~~ri tfl~? Plan. '
S
?(I K: 7 Ne ith~c ti~~~ i.>>l~t•~y~~r nor the :rust~^ i 1 he
res~onsihl•~ t~r th~ v~l iclicy oE any ~~~~1 icies c~r Eor t"l~~~
~ failure on rsi•~ ~}ar~r oF any Insurer to ~~i~:c~ anv c~aymer.t, '
~ or ~r~vi~i~~ ~n~r hrnc~f it under any pol icy ~~r f:,r the
~ ~ction ~f 3n~ ~~ri s~n ~~r persc~ns which render any
policy invjl i~~ <~r unenforceahle. Neithe~- t:~e Lnploy~~r
~ nor th~ 'Pr u:~tc~ s,~al l he res~~ns inle f:~i 3nv inabi 1 it,~
~ to ~er for~n .~r ~~~~lay in per for~ni~g- any 3ct ~~c~as~ ioned .
x by restr ict i~n c~r Pr~~~~isions ~~f any ~~~1 icy or i;zpused ~
~ - by any In~nr~~r ~~r by •3ny other pers~~n. In ~c.3~e it
~ becomes inpn~;si~~t~ for the L•:mptoycr or tije Trustee t~ ~
~ perf~ria any ~~t under ti~is Tru.t, tiiat ~ct si~all be ~
~ ~ performec3 which, in the ju~~~em4nt of tt~r ~:rustPe, will ~
~ most ne~r ly c.~r ry out the intent ~nc1 pur;~ose ~f t'r, is
~ Tru::t. A] 1 partie~ of the Plan and Tr~~st ~~r in any ~.a.~
~ intereste:~ her` in shal i be bound by :~ny acts ~er forr~ed ~
~ under such con.~itions. ~ p
~ ~ j
~ I ~
~ ~ ~ ~
~ $~f~!(~++~7~ fll~ V1~/ ~
~ -47 -
~ ~
• 4
~
~k
- - _ ~a =
~ ~ S ~
' e w~c_-~`'~.,a~ ~ ' y~~ ~~~4 .
~
~ ,
_
-