Benefits Payable From General Assets. The benefits payable under this Agreement shall be paid by the Employer out of its general assets. To the extent Executive acquires the right to receive a payment under this Agreement, such right shall be no greater than that of an unsecured general creditor of the Employer.
Appears in 7 contracts
Samples: Retention Agreement (Tri-State Generation & Transmission Association, Inc.), Retention Agreement for Jennifer Godin Goss (Tri-State Generation & Transmission Association, Inc.), Retention Agreement for John O’flannigan (Tri-State Generation & Transmission Association, Inc.)
Benefits Payable From General Assets. The benefits payable under this Agreement shall be paid by the Employer out of its general assets. To the extent Executive acquires acquired the right to receive a payment under this Agreement, such right shall be no greater than that of an unsecured general creditor of the Employer.
Appears in 5 contracts
Samples: Retention Agreement for Ellen Connor (Tri-State Generation & Transmission Association, Inc.), Retention Agreement (Tri-State Generation & Transmission Association, Inc.), Retention Agreement (Tri-State Generation & Transmission Association, Inc.)
