Common use of No Additional Compensation or Benefits; Unsecured Benefits; Withholdings Clause in Contracts

No Additional Compensation or Benefits; Unsecured Benefits; Withholdings. Except provided in Sections 3 and 4 or as otherwise determined by the Compensation Committee of the Company’s Board of Directors, the Executive shall not be entitled to any other or further compensation or benefits (including any insurance benefits) from the Company as a result of the services to be performed under and pursuant to this Agreement or otherwise. In the event of termination of this Agreement, all payments and benefits under this Agreement shall cease effective upon Voluntary Termination or Involuntary Termination of employment under this Agreement. None of the benefits or arrangements described in this Agreement shall be secured or funded in any way, and each shall instead constitute an unfunded and unsecured promise to pay money in the future exclusively from the general assets of the Company. The Company may withhold from any compensation, benefits, or amounts payable under this Agreement all federal, state, city, or other taxes as may be required pursuant to any law or governmental regulation or ruling.

No Additional Compensation or Benefits; Unsecured Benefits; Withholdings. Except provided in Sections 3 3, 4 and 4 8.5, or as otherwise determined by the Compensation Committee of the CompanyParent’s Board of Directors, the Executive shall not be entitled to any other or further compensation or benefits (including any insurance benefits) from the Company as a result of the services to be performed under and pursuant to this Agreement or otherwise. In the event of termination of this Agreement, all payments and benefits under this Agreement shall cease effective upon Voluntary Termination or Involuntary Termination of employment under this Agreement, except as otherwise provided in Section 6. None of the benefits or arrangements described in this Agreement shall be secured or funded in any way, and each shall instead constitute an unfunded and unsecured promise to pay money in the future exclusively from the general assets of the Company. The Company may withhold from any compensation, benefits, or amounts payable under this Agreement all federal, state, city, or other taxes as may be required pursuant to any law or governmental regulation or ruling.