Common use of AMOUNTS PAID TO THE DEFERRED COMPENSATION TRUST Clause in Contracts

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.

Appears in 8 contracts

Samples: Employment Agreement (Skypath Networks Inc), Employment Agreement (Global Telemedia International Inc), Employment Agreement (Synagro Technologies Inc)

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