Contractual Rights to Benefits. This Agreement establishes and vests in the Participant a contractual right to the benefits to which he is entitled hereunder. However, nothing herein contained shall required or be deemed to require, or prohibit or be deemed to prohibit, the Company to segregate, earmark, or otherwise set aside any funds or other assets, in trust or otherwise, to provide for any payments to be made or required hereunder.
Appears in 3 contracts
Samples: Key Executive Retention, Restructuring Bonus and Severance Agreement (NRG Energy Inc), Key Executive Retention, Restructuring Bonus and Severance Agreement (NRG Energy Inc), Key Executive Retention, Restructuring Bonus and Severance Agreement (NRG Energy Inc)
Contractual Rights to Benefits. This Agreement establishes and vests in the Participant Employee a contractual right to the benefits to which he is entitled hereunder. However, nothing herein contained shall required require or be deemed to require, or prohibit or be deemed to prohibit, the Company to segregate, earmark, or otherwise set aside any funds or other assets, in trust or otherwise, to provide for any payments to be made or required hereunder.
Appears in 1 contract
Samples: Management Change in Control Severance Agreement (Walter Energy, Inc.)
