Nature of Obligations. Nothing contained herein shall create or require the Employers to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers hereunder, such right shall be no greater than the right of any unsecured general creditor of the Employers.
Appears in 102 contracts
Samples: Transition Agreement (Home Federal Bancorp, Inc. Of Louisiana), Employment Agreement (Uscb Financial Holdings, Inc.), Employment Agreement (Uscb Financial Holdings, Inc.)
Nature of Obligations. Nothing contained herein shall create or require the Employers Employer to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers Employer hereunder, such right shall be no greater than the right of any unsecured general creditor of the EmployersEmployer.
Appears in 75 contracts
Samples: Transition Agreement (Home Federal Bancorp, Inc. Of Louisiana), Employment Agreement (Limestone Bancorp, Inc.), Employment Agreement (Limestone Bancorp, Inc.)
Nature of Obligations. Nothing Except as described in Section 2.6, nothing contained herein shall create or require the Employers to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers hereunder, such right shall be no greater than the right of any unsecured general creditor of the Employers.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Supplemental Executive Retirement Plan Agreement (Pittsburgh Financial Corp), Retirement Plan Agreement (Pittsburgh Financial Corp)
Nature of Obligations. Nothing Except as specifically provided herein, nothing contained herein shall create or require the Employers to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers hereunder, such right shall be no greater than the right of any unsecured general creditor of the Employers.
Appears in 2 contracts
Samples: And Restated Agreement (First Horizon Corp), Agreement (Iberiabank Corp)
Nature of Obligations. Nothing contained herein shall create or require the Employers Employer to create a trust of any kind to fund find any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers Employer hereunder, such right shall be no greater than the right of any unsecured general creditor of the EmployersEmployer.
Appears in 2 contracts
Samples: Employment Agreement (Community Bank Shares of Indiana Inc), Agreement (Community Bank Shares of Indiana Inc)
Nature of Obligations. Nothing contained herein shall create or require the Employers to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers hereunder, such right shall be no greater than the right of any unsecured general creditor of the Employers.
Appears in 2 contracts
Samples: Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier Bancorp Inc)
Nature of Obligations. Nothing contained herein shall create or require the Employers Employer to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive Officer acquires a right to receive benefits from the Employers Employer hereunder, such right shall be no greater than the right of any unsecured general creditor of the EmployersEmployer.
Appears in 2 contracts
Samples: Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Financial Bancorp, Inc.)
Nature of Obligations. Nothing contained herein shall create or require the Employers Employer to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers Employer hereunder, such right shall be no greater than the right of any unsecured general creditor of the EmployersEmployer. 13.
Appears in 1 contract
Nature of Obligations. Nothing contained herein shall create or require the Employers Employer to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Employers Employer hereunder, such right shall be no greater than the right of any unsecured general creditor of the EmployersEmployer. None of the provisions of this Agreement will be for the benefit of or enforceable by any creditors of the Parties, except as otherwise expressly provided hereto.
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