No Funding of Severance. Nothing contained in this Agreement or otherwise shall require the Company to segregate, earmark or otherwise set aside any funds or other assets to provide for any payments required to be made under Sections 3, 4 and 5 hereof, and the rights of the Executive to any benefits hereunder shall be solely those of a general, unsecured creditor of the Company.
Appears in 4 contracts
Samples: Employment Agreement (Aspirity Holdings LLC), Employment Agreement (Aspirity Holdings LLC), Employment Agreement (Aspirity Holdings LLC)
No Funding of Severance. Nothing contained in this Agreement or otherwise shall require the Company to segregate, earmark or otherwise set aside any funds or other assets to provide for any payments required to be made under Sections 3, 4 and 5 Section 2 hereof, and the rights of the Executive to any benefits hereunder shall be solely those of a general, unsecured creditor of the Company.
Appears in 4 contracts
Samples: General Severance Agreement (Enzon Pharmaceuticals Inc), General Severance Agreement (Enzon Pharmaceuticals Inc), Severance Agreement (Enzon Pharmaceuticals Inc)
No Funding of Severance. Nothing contained in this Agreement or otherwise shall require the Company to segregate, earmark or otherwise set aside any funds or other assets to provide for any payments required to be made under Sections 3, 4 and 5 Articles 2 or 3 hereof, and the rights of the Executive to any benefits hereunder shall be solely those of a general, unsecured creditor of the Company.
Appears in 2 contracts
Samples: Severance and Change of Control Agreement (Provell Inc), Change of Control Agreement (Provell Inc)
No Funding of Severance. Nothing contained in this Agreement or otherwise shall require the Company to segregate, earmark or otherwise set aside any funds or other assets to provide for any payments required to be made under Sections 3, 4 and 5 2 or 2A hereof, and the rights of the Executive to any benefits hereunder shall be solely those of a general, unsecured creditor of the Company.
Appears in 1 contract
Samples: General Severance Agreement (Enzon Pharmaceuticals Inc)