Contractual Nature of Obligation. 5.01 The liabilities of the Corporation to Executive pursuant to this Agreement shall be those of a debtor pursuant to such contractual obligations as are created by the Agreement. Executive's rights with respect to any benefit to which Executive has become entitled under this Agreement, but which Executive has not yet received, shall be solely the rights of a general unsecured creditor of the Corporation.
Appears in 5 contracts
Samples: Amendment and Waiver Agreement (Interpublic Group of Companies Inc), Executive Special Benefit Agreement (Interpublic Group of Companies Inc), Executive Special Benefit Agreement (Interpublic Group of Companies Inc)
Contractual Nature of Obligation. 5.01 4.01 The liabilities of the Corporation to Executive pursuant to this Agreement shall be those of a debtor pursuant to such contractual obligations as are created by the Agreement. Executive's rights with respect to any benefit to which Executive has become entitled under this Agreement, but which Executive has not yet received, shall be solely the rights of a general unsecured creditor of the Corporation.
Appears in 2 contracts
Samples: Executive Special Benefit Agreement (Interpublic Group of Companies Inc), Executive Special Benefit Agreement (Interpublic Group of Companies Inc)
Contractual Nature of Obligation. 5.01 The liabilities of the Corporation to Executive pursuant to this Agreement shall be those of a debtor pursuant to such contractual obligations as are created by the Agreement. Executive's ' s rights with respect to any benefit to which Executive has become entitled under this Agreement, but which Executive has not yet received, shall be solely the rights of a general unsecured creditor of the Corporation.
Appears in 1 contract
Samples: Supplemental Agreement (Interpublic Group of Companies, Inc.)
Contractual Nature of Obligation. 5.01 3.01 The liabilities of the Corporation to Executive pursuant to this Agreement shall be those of a debtor pursuant to such contractual obligations as are created by the Agreement. Executive's rights with respect to any benefit to which Executive has become entitled under this Agreement, but which Executive has not yet received, shall be solely the rights of a general unsecured creditor of the Corporation.
Appears in 1 contract
Samples: Amendment and Waiver Agreement (Interpublic Group of Companies Inc)
Contractual Nature of Obligation. 5.01 5.01. The liabilities of the Corporation to Executive pursuant to this Agreement shall be those of a debtor pursuant to such contractual obligations as are created by the Agreement. Executive's rights with respect to any benefit to which Executive he has become entitled under this Agreement, but which Executive he has not yet received, shall be solely the rights of a general unsecured creditor of the Corporation."
Appears in 1 contract
Samples: Supplemental Agreement (Interpublic Group of Companies Inc)
