Common use of Creditor Rights Clause in Contracts

Creditor Rights. The Officer’s rights under this Agreement shall be limited to those of an unsecured general creditor of the Bank and the Bank shall have no obligation to fund the Target Benefit supplemental retirement benefit provided for hereunder.

Appears in 6 contracts

Samples: Supplemental Retirement Benefit Agreement (BSB Bancorp Inc), Supplemental Retirement Benefit Agreement (BSB Bancorp Inc), Supplemental Retirement Benefit Agreement (BSB Bancorp Inc)

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Creditor Rights. The Officer’s 's rights under this Agreement shall be limited to those of an unsecured general creditor of the Bank and the Bank shall have no obligation to fund the Target Benefit supplemental retirement benefit provided for hereunder.

Appears in 1 contract

Samples: Supplemental Retirement Benefit Agreement (Ambanc Holding Co Inc)

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