Nature of Obligation. The agreement of the Company (or its successor) to make payments to Executive hereunder shall represent the unsecured obligation of the Company (and its successor), except to the extent (a) the terms of any other agreement, plan or arrangement pertaining to the parties provide for funding, or (b) the Company (or its successor), in its sole discretion, elects in whole or in part to fund the Company’s obligations under this Agreement pursuant to a trust arrangement or otherwise.
Appears in 9 contracts
Samples: Severance Protection and Change in Control Agreement (Interface Inc), Severance Protection and Change in Control Agreement (Interface Inc), Severance Protection and Change in Control Agreement (Interface Inc)
Nature of Obligation. The agreement of the Company (or its successor) to make payments to Executive hereunder shall represent the unsecured obligation of the Company (and its successor), except to the extent (a) the terms of any other agreement, plan or arrangement pertaining to the parties provide for funding, or (b) the Company (or its successor), in its sole discretion, elects in whole or in part to fund the Company’s 's obligations under this Agreement pursuant to a trust arrangement or otherwise.
Appears in 2 contracts
Samples: Severance Protection and Change in Control Agreement (Interface Inc), Employment Agreement (Interface Inc)
Nature of Obligation. The agreement of the Company (or its successor) to make payments to Executive Employee hereunder shall represent the unsecured obligation of the Company (and its successor), except to the extent (a) the terms of any other agreement, plan or arrangement pertaining to the parties provide for funding, or (b) the Company (or its successor), in its sole discretion, elects in whole or in part to fund the Company’s obligations under this Agreement pursuant to a trust arrangement or otherwise.
Appears in 1 contract
Samples: Employment Agreement (Interface Inc)
