Plan Trust definition
Examples of Plan Trust in a sentence
These payments may not be made from the Plan if the fair market value of the property held by the Plan Trust, immediately after the payment is made, would be less than the Assistance Holdback Amount in relation to the Plan.
At the direction of the Holder(s) of the Plan, the Issuer will transfer all property held by the Plan Trust directly to another Registered Disability Savings Plan of the Beneficiary without delay.
The Issuer has ultimate responsibility for the administration of the Plan and the Plan Trust.
If the property in the Plan Trust is insufficient to make available the required amount, a lesser amount may be paid.
Therefore, the Issuer shall ensure that the Plan and the Plan Trust are administered in compliance with the requirements of the Applicable Legislation.