Common use of Funding by Bank Clause in Contracts

Funding by Bank. (a) Bank shall be under no obligation to set aside, earmark or otherwise segregate any funds with which to pay its obligations under this Agreement. Executive shall be and remain an unsecured general creditor of Bank with respect to Bank’s obligations hereunder. Executive shall have no property interest in the Retirement Account or any other rights with respect thereto.

Funding by Bank. (a) Bank shall be under no obligation to set aside, earmark or otherwise segregate any funds with which to pay its obligations under this Agreement. Executive shall be and remain an unsecured general creditor of Bank with respect to Bank’s 's obligations hereunder. Executive shall have no property interest in the Retirement Account or any other rights with respect thereto.

Funding by Bank. (a) The Bank shall be under no obligation to set aside, earmark or otherwise segregate any funds with which to pay its obligations under this Agreement. Executive and Executive's beneficiary or any successor in interest shall be and remain an unsecured general creditor creditors of the Bank with respect to the Bank’s 's obligations hereunder. Executive shall have no property interest in any property of the Retirement Account Bank or any other rights with respect theretothereto except to the extent of the contractual right to the payments provided for in Section 2 of this Agreement.