Funding of Benefits. Unless the Board of Directors in its discretion determines otherwise, amounts payable to Executive 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 5 contracts
Samples: Severance Agreement (Southern Co), Severance Agreement (Southern Co), Severance Agreement (Southern Co)
Funding of Benefits. Unless the Board of Directors shall in its discretion determines -------------------- determine otherwise, amounts the benefits payable to Executive 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 (Mirant Corp), Change in Control Agreement (Mirant Corp)
Funding of Benefits. Unless the Board of Directors in its discretion determines shall determine otherwise, amounts the benefits payable to Executive 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 ’s creditors.
Appears in 2 contracts
Samples: Protective Covenant Agreement (Cousins Properties Inc), Protective Covenant Agreement (Cousins Properties Inc)
Funding of Benefits. Unless the Board of Directors shall in its discretion determines determine otherwise, amounts the benefits payable to Executive 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
Funding of Benefits. Unless the Board of Directors shall in its --------------------- discretion determines determine otherwise, amounts the benefits payable to Executive 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
