Financing of Benefits. All retirement benefits under this Agreement --------------------- shall be provided out of the general assets of the Corporation at the time such benefits are to be paid. The parties agree that the Corporation is under no obligation to set aside funds in advance of the time for payment hereunder, or to otherwise provide security for its obligations under this Agreement.
Appears in 4 contracts
Samples: Deferred Compensation Agreement (BGF Industries Inc), Deferred Compensation Agreement (BGF Industries Inc), Deferred Compensation Agreement (BGF Industries Inc)