Creditor Status. The Severance Benefits and Change in Control Benefits to which Executive may become entitled under Section 7 of this Agreement will be paid, when due, from the Company’s general assets, and no trust fund escrow arrangement or other segregated account will be established as a funding vehicle for such payments. Executive is not waiving any rights he may have to collect any monies due to Executive under this Agreement in the same manner as any other employee of the Company would have.
Appears in 9 contracts
Samples: Employment Agreement (Vizio, Inc.), Employment Agreement (Vizio, Inc.), Employment Agreement (Vizio, Inc.)
