Funding of Benefits. Unless the Board in its discretion shall determine otherwise, the benefits payable to Xx. Xxxxxx under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Appears in 4 contracts
Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)
Funding of Benefits. Unless the Board in its discretion shall determine otherwise, the benefits payable to Xx. Xxxxxx Xxxxxxxx under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Appears in 3 contracts
Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)
Funding of Benefits. Unless the Board of Directors in its discretion shall determine determines otherwise, the benefits amounts payable to Xx. Xxxxxx Xxxxxxx under the this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's ’s creditors.
Appears in 3 contracts
Samples: Change in Control Agreement (Southern Power Co), Change in Control Agreement (Southern Power Co), Change in Control Agreement (Southern Power Co)
Funding of Benefits. Unless the Board in its discretion shall determine otherwise, the benefits payable to Xx. Xxxxxx Xxxxxxxxx under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Appears in 3 contracts
Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)
Funding of Benefits. Unless the Board in its discretion shall determine otherwise, the benefits payable to Xx. Xxxxxx Xxxxxxx under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Appears in 2 contracts
Samples: Change in Control Agreement (Savannah Electric & Power Co), Change in Control Agreement (Savannah Electric & Power Co)
Funding of Benefits. Unless the Board in its discretion shall determine otherwise, the benefits payable to Xx. Xxxxxx Xxxxx under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Appears in 1 contract
Samples: Change in Control Agreement (Savannah Electric & Power Co)
Funding of Benefits. Unless the Board of Directors in its discretion shall determine determines otherwise, the benefits amounts payable to Xx. Xxxxxx Xxxxxxxxx under the this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's ’s creditors.
Appears in 1 contract
Funding of Benefits. Unless the Board of Directors in its discretion shall determine determines otherwise, the benefits amounts payable to Xx. Xxxxxx XxXxxxx under the this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's ’s creditors.
Appears in 1 contract
Funding of Benefits. Unless the Board in its discretion shall determine otherwise, the benefits payable to Xx. Xxxxxx XxXxxxx under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Appears in 1 contract
Samples: Change in Control Agreement (Savannah Electric & Power Co)
Funding of Benefits. Unless the Board of Directors in its discretion shall determine determines otherwise, the benefits amounts payable to Xx. Xxxxxx under the this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's ’s creditors.
Appears in 1 contract
