Common use of Benefits Unsecured Clause in Contracts

Benefits Unsecured. All Benefits hereunder shall be paid from the general funds of the Bank and no special or separate fund shall necessarily be established and no other segregation of assets shall necessarily be made to assure the payment of the benefits hereunder. Neither the Executive nor any Beneficiary nor their estates shall have any right title or interest whatever in or to any investments, including any insurance policy which the Employer may take out to aid it in meeting its obligations hereunder. To the extent that the Executive or any Beneficiary acquires the right to receive benefits hereunder such rights shall be no greater than the right of an unsecured creditor of the Bank. Notwithstanding the foregoing, nothing herein contained shall preclude the Bank from contributing to or making benefit payments from a Rabbi Trust.

Benefits Unsecured. All Benefits hereunder shall be paid from the ------------------ general funds of the Bank and no special or separate fund shall necessarily be established and no other segregation of assets shall necessarily be by made to assure the payment of the benefits hereunderBenefits. Neither the Executive Employee nor any Beneficiary nor their estates shall have any right title or interest whatever in or to any investments, including any insurance policy which the Employer may take out to aid it in meeting its obligations hereunder. To the extent that the Executive Employee or any Beneficiary acquires the right to receive benefits Benefits hereunder such rights shall be no greater than the right of an unsecured creditor of the Bank. Notwithstanding the foregoing, nothing herein contained shall preclude the Bank from contributing to or making benefit Benefit payments from a Rabbi Trust.

Benefits Unsecured. All Benefits hereunder shall be paid from the ------------------ general funds of the Bank and no special or separate fund shall necessarily be established and no other segregation of assets shall necessarily be made to assure the payment of the benefits hereunderBenefits. Neither the Executive Employee nor any Beneficiary nor their estates shall have any right title or interest whatever in or to any investments, including any insurance policy which the Employer may take out to aid it in meeting its obligations hereunder. To the extent that the Executive Employee or any Beneficiary acquires the right to receive benefits Benefits hereunder such rights shall be no greater than the right of an unsecured creditor of the Bank. Notwithstanding the foregoing, nothing herein contained shall preclude the Bank from contributing to or making benefit Benefit payments from a Rabbi Trust.