Nature of Obligations. Nothing contained herein shall create or require the Corporation 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 Corporation hereunder, such right shall be no greater than the right of any unsecured general creditor of the Corporation.
Appears in 61 contracts
Samples: Employment Agreement (Home Bancorp, Inc.), Employment and Transition Agreement (Home Federal Bancorp, Inc. Of Louisiana), Employment Agreement (Home Federal Bancorp, Inc. Of Louisiana)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company 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 Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 19 contracts
Samples: Employment Agreement (Integra Lifesciences Holdings Corp), Employment Agreement (SeaSpine Holdings Corp), Employment Agreement (Integra Lifesciences Holdings Corp)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company 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 Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 15 contracts
Samples: Employment Agreement (Blue Ridge Bankshares, Inc.), Employment Agreement (Monarch Financial Holdings, Inc.), Employment Agreement (Monarch Financial Holdings, Inc.)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company 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 Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 15 contracts
Samples: Employment Agreement (Kearny Financial Corp.), Employment Agreement (Kearny Financial Corp.), Employment Agreement (Kearny Financial Corp.)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Companies to create a trust of any kind to fund any benefits which that may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Corporation Companies hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompanies.
Appears in 11 contracts
Samples: Employment Agreement (Premier Financial Corp), Employment Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company 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 Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 7 contracts
Samples: Severance Agreement (Integra Lifesciences Holdings Corp), Severance Agreement (Integra Lifesciences Holdings Corp), Severance Agreement (Integra Lifesciences Holdings Corp)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company 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 Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 6 contracts
Samples: Employment Agreement (Integra Lifesciences Corp), Employment Agreement (Integra Lifesciences Corp), Employment Agreement (Integra Lifesciences Holdings Corp)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive acquires you acquire a right to receive benefits from the Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 4 contracts
Samples: Employment Agreement (Union Bankshares Corp), Employment Agreement (Union First Market Bankshares Corp), Employment Agreement (Union First Market Bankshares Corp)
Nature of Obligations. Nothing contained herein shall create or require the Corporation 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 Corporation Employers hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationEmployers.
Appears in 3 contracts
Samples: Agreement (Community Savings Bankshares Inc /De/), Employment Agreement (Community Savings Bankshares Inc /De/), Agreement (Community Savings Bankshares Inc /De/)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Companies 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 Corporation Companies hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompanies.
Appears in 3 contracts
Samples: 8 Agreement (First Defiance Financial Corp), Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company to create a trust of any kind to fund any benefits which may be payable hereunder, and to the extent that the Executive [Executive/Employee] acquires a right to receive benefits from the Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 2 contracts
Samples: Control Severance Benefits Agreement, Change of Control Severance Benefits Agreement (Medivation, Inc.)
Nature of Obligations. Nothing contained herein shall create or require --------------------- required the Corporation 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 Corporation hereunder, such right shall be no greater than the right of any unsecured general creditor of the Corporation.
Appears in 1 contract
Samples: Agreement (Sovereign Bancorp Inc)
Nature of Obligations. Nothing contained herein shall create or ---------------------- require the Corporation Company 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 Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the CorporationCompany.
Appears in 1 contract
Samples: Employment Agreement (Synergy Financial Group Inc /Nj/)
Nature of Obligations. Nothing contained herein shall create or require the Corporation Company 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 Corporation Company hereunder, such right shall be no greater than the right of any unsecured general creditor of the Corporation.Company. (d)
Appears in 1 contract
Samples: Employment Agreement (Integra Lifesciences Holdings Corp)
Nature of Obligations. Nothing contained herein shall create or require the Corporation to create a trust of any kind to of fund any benefits which may be payable hereunder, and to the extent that the Executive acquires a right to receive benefits from the Corporation hereunder, such right shall be no greater than the right of any unsecured general creditor of the Corporation.
Appears in 1 contract
Samples: Agreement (Sovereign Bancorp Inc)
