No Funding. Any payments to be made under Section 4 shall represent an unfunded and unsecured obligation of the Corporation, which shall represent an unfunded and unsecured obligation of the Corporation’s general assets. The Employee shall be considered a general creditor of the Corporation and shall have no rights to any segregated funds or property of the Corporation.
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Samples: Employment Agreement (Iteris, Inc.), Change in Control Agreement (Iteris, Inc.), Change in Control Agreement (Iteris, Inc.)
No Funding. Any payments to be made under Section 4 shall represent an unfunded and unsecured obligation of the Corporation, which shall represent an unfunded and unsecured obligation of the Corporation’s general assets. The Employee Executive shall be considered a general creditor of the Corporation and shall have no rights to any segregated funds or property of the Corporation.
Appears in 1 contract
No Funding. Any payments to be made under Section 4 shall represent an unfunded and unsecured obligation of the Corporation, which shall represent an unfunded and unsecured obligation of the Corporation’s 's general assets. The Employee Executive shall be considered a general creditor of the Corporation and shall have no rights to any segregated funds or property of the Corporation.
Appears in 1 contract