Common use of Funding of Payments Clause in Contracts

Funding of Payments. All payments payable to the Executive pursuant to this Section 7, except for payments payable as a lump sum, shall be made to a trust which shall be established for such purpose and shall provide for Towers Xxxxxx (or such other trustee mutually acceptable to the Company and the Executive) to serve as the trustee thereof.

Appears in 4 contracts

Samples: Executive Employment Agreement (Station Casinos Inc), Executive Employment Agreement (Station Casinos Inc), Executive Employment Agreement (Station Casinos Inc)

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Funding of Payments. All payments payable to the Executive pursuant to this Section 7, except for payments payable as a lump sum, shall be made to a trust which shall be established for such purpose and shall provide for Towers Xxxxxx (or such other trustee mutually acceptable to the Company and the Executive) to serve as the trustee thereof.

Appears in 1 contract

Samples: Executive Employment Agreement (Station Casinos Inc)

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Funding of Payments. All payments payable to the Executive pursuant to this Section SECTION 7, except for payments payable as a lump sum, shall be made to a trust which shall be established for such purpose and shall provide for Towers Xxxxxx (or such other trustee mutually acceptable to the Company and the Executive) to serve as the trustee thereof.

Appears in 1 contract

Samples: Executive Employment Agreement (Station Casinos Inc)

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