Common use of No Establishment of a Trust Fund Clause in Contracts

No Establishment of a Trust Fund. No property shall be set aside nor shall a trust fund of any kind be established to secure the rights of any Holder under the Plan. All Holders shall at all times rely solely upon the general credit of the Company for the payment of any benefit which becomes payable under the Plan.

Appears in 4 contracts

Samples: 1994 Stock Incentive Plan (Furmanite Corp), 1994 Stock Incentive Plan (Furmanite Corp), 1994 Stock Incentive Plan (Furmanite Corp)

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No Establishment of a Trust Fund. No property shall be set aside nor shall a trust fund of any kind be established to secure the rights of any Holder Employee under the this Plan. All Holders Employees shall at all times rely solely upon the general credit of the Company for the payment of any benefit which becomes payable under the this Plan.

Appears in 1 contract

Samples: 1999 Broad Based Option Plan (Oyo Geospace Corp)

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