AMOUNTS PAID TO THE DEFERRED COMPENSATION TRUST. (1) The amount of Incentive Compensation paid by the Company to the Deferred Compensation Trust may not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of Employee or his beneficiaries, and Employee has only the status of a general unsecured creditor of the Company as to the amounts of Incentive Compensation paid pursuant to this Agreement. (2) The total of Incentive Compensation paid to the Deferred Compensation Trust pursuant to this Agreement will be distributed to Employee therefrom in a lump sum on the occurrence of the earliest of the following: (a) Employee's termination of service because of death, disability, or termination of employment; (b) Employee's attainment of the age of sixty-five (65) years; or
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Samples: Employment Agreement (Synagro Technologies Inc), Employment Agreement (Synagro Technologies Inc), Employment Agreement (Skypath Networks Inc)
AMOUNTS PAID TO THE DEFERRED COMPENSATION TRUST. (1) The amount of Incentive Compensation paid by the Company to the Deferred Compensation Trust may not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of Employee or his beneficiaries, and Employee has only the status of a general unsecured creditor of the Company as to the amounts of Incentive Compensation paid pursuant to this Agreement.
(2) The total of Incentive Compensation paid to the Deferred Compensation Trust pursuant to this Agreement will be distributed to Employee therefrom in a lump sum on the occurrence of the earliest of the following:
(a) Employee's termination of service because of death, disability, or termination of employment;
(b) Employee's attainment of the age of sixty-five (65) years; or
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