Common use of General Creditor Status Clause in Contracts

General Creditor Status. The benefits to which Executive may become entitled under this Agreement shall be paid, when due, from the Company’s general assets, and no trust fund, escrow arrangement or other segregated account shall be established as a funding vehicle for such payments. Accordingly, Executive’s right (or the right of the executors or administrators of Executive’s estate) to receive such benefits shall at all times be that of a general creditor of the Company and shall have no priority over the claims of other general creditors.

General Creditor Status. The benefits payment to which Executive may become entitled under this Agreement shall hereunder will be paid, when due, from the general assets of the Company’s general assets, and no trust fund, escrow arrangement or other segregated account shall will be established as a funding vehicle for such paymentspayment. Accordingly, Executive’s right (or the right of the executors personal representatives or administrators beneficiaries of Executive’s estate) to receive such benefits shall any payment hereunder will at all times be that of a general creditor of the Company and shall will have no priority over the claims of other general creditors.

General Creditor Status. The benefits All cash payments to which Executive may become entitled under this Agreement shall hereunder will be paid, when due, from the general assets of the Company’s general assets, and no trust fund, escrow arrangement or other segregated account shall will be established as a funding vehicle for such paymentspayment. Accordingly, Executive’s right (or the right of the executors personal representatives or administrators beneficiaries of Executive’s estate) to receive such benefits shall cash payments hereunder will at all times be that of a general creditor of the Company and shall will have no priority over the claims of other general creditors.

General Creditor Status. The benefits All cash payments to which Executive may become entitled under this Agreement shall hereunder will be paid, when due, from the general assets of the Company’s general assets, and no trust fund, escrow arrangement arrangement, or other segregated account shall will be established as a funding vehicle for such paymentspayment. Accordingly, Executive’s right (or the right of the executors personal representatives or administrators beneficiaries of Executive’s estate) to receive such benefits shall cash payments hereunder will at all times be that of a general creditor of the Company and shall will have no priority over the claims of other general creditors.

General Creditor Status. The payments and benefits to which Executive may become becomes entitled under this Agreement shall hereunder will be paid, when due, from the general assets of the Company’s general assets, and no trust fund, escrow arrangement or other segregated account shall will be established as a funding vehicle for such paymentspayment. Accordingly, Executive’s 's right (or the right of the executors personal representatives or administrators beneficiaries of Executive’s 's estate) to receive such any payments or benefits shall hereunder will at all times be that of a general creditor of the Company and shall will have no priority over the claims of other general creditors.