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Subject to the provisions of the Act, no past, present or future officer of the employer shall be personally liable to any participant, beneficiary or other person under any provision of the Plan or any policy issued pursuant thereto.
(Ord. 2138. Passed 3-15-93.)
Nothing contained herein shall be deemed to give any participant or beneficiary any interest in any specific property of the Pension Fund or any right thereto, except to receive such distributions as are expressly provided for in this Plan.
(Ord. 2138. Passed 3-15-93.)
Participation in this Plan shall not give any right to any employee to be retained in the employ of the employer, nor shall it interfere with the right of the employer to discharge any employee and to deal with him or her without regard to the effect that such treatment might have upon him or her as a participant in this Plan.
(Ord. 2138. Passed 3-15-93.)
The income and principal of the Pension Fund are for the sole use and benefit of the participants in this Plan, and, to the extent permitted by law, shall be free, clear and discharged of and from, and are not to be in any way liable for, debts, contracts or agreements, now contracted or which may hereafter be contracted, and from all claims and liabilities now or hereafter incurred by any participant or beneficiary.
(Ord. 2138. Passed 3-15-93.)
The employer shall furnish to the Plan Administrator, and, where applicable, the trustee, information in the employer's possession as the Plan Administrator and the trustee shall require from time to time to perform their duties under the Plan.
(Ord. 2138. Passed 3-15-93.)
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