Common use of Agreement Unfunded Clause in Contracts

Agreement Unfunded. This Agreement shall be unfunded and the payment of benefits hereunder shall be made from the general assets of the Trust. Any assets which may be set aside, earmarked or identified as being intended for the payment of benefits under this Agreement shall remain assets of the Trust and shall be subject to the claims of its general creditors. The Executive shall be a general and unsecured creditor of the Trust to the extent of the amount in his accounts, and he shall have no right, title or interest in any specific asset that the Trust may set aside, earmark or identify as for the payment of benefits under this Agreement.

Agreement Unfunded. This Agreement shall be unfunded and the payment of benefits hereunder shall be made from the general assets of the Trust. Any assets which may be set aside, earmarked earmarked, or identified as being intended for the payment of benefits under this Agreement shall remain assets of the Trust and shall be subject to the claims of its general creditors. The Executive shall be a general and unsecured creditor of the Trust to the extent of the amount in his accountsaccount, and he shall have no right, title title, or interest in any specific asset that the Trust may set aside, earmark earmark, or identify as for the payment of benefits under this Agreement.

Agreement Unfunded. This Agreement shall be unfunded and the payment of benefits hereunder shall be made from the general assets of the Trust. Any assets which may be set aside, earmarked or identified as being intended for the payment of benefits under this Agreement shall remain assets of the Trust and shall be subject to the claims of its general creditors. The Executive shall be a general and unsecured creditor of the Trust to the extent of the amount in his accountsaccount, and he shall have no right, title or interest in any specific asset that the Trust may set aside, earmark or identify as for the payment of benefits under this Agreement.

Agreement Unfunded. This Agreement shall be unfunded and the payment of benefits hereunder shall be made from the general assets of the Trust. Any assets which may be set aside, earmarked or identified as being intended for the payment of benefits under this Agreement shall remain assets of the Trust and shall be subject to the claims of its general creditors. The Executive shall be a general and unsecured creditor of the Trust to the extent of the amount in his accounts, and he shall have no right, title title, or interest in any specific asset that the Trust may set aside, earmark or identify as for the payment of benefits under this Agreement.

Agreement Unfunded. This Agreement shall be unfunded and the payment of benefits hereunder shall be made from the general assets of the TrustCompany. Any assets which may be set aside, earmarked or identified as being intended for the payment of benefits under this Agreement shall remain assets of the Trust Company and shall be subject to the claims of its general creditors. The Executive shall be a general and unsecured creditor of the Trust Company to the extent of the amount in his accounts, and he shall have no right, title or interest in any specific asset that the Trust Company may set aside, earmark or identify as for the payment of benefits under this Agreement.