Common use of General Creditor Clause in Contracts

General Creditor. All payments required hereunder shall be made from Bank's general assets and Employee shall have no rights greater than the rights of a general creditor of Bank.

Appears in 4 contracts

Samples: Severance Agreement (California Financial Holding Co), Severance Agreement (California Financial Holding Co), Severance Agreement (California Financial Holding Co)

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General Creditor. All payments required hereunder shall be made from Bank's ’s general assets assets, and Employee shall have no rights greater than the rights of a general creditor of Bank.

Appears in 4 contracts

Samples: Severance Agreement (Wilmington Trust Corp), Severance Agreement (Wilmington Trust Corp), Severance Agreement (Wilmington Trust Corp)

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General Creditor. All payments required hereunder shall be made from Bank's general assets assets, and Employee shall have no rights greater than the rights of a general creditor of Bank.

Appears in 2 contracts

Samples: Severance Agreement (Wilmington Trust Corp), Severance Agreement (Wilmington Trust Corp)

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