Common use of No Obligation to Fund Clause in Contracts

No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successors) in its sole discretion elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 55 contracts

Samples: Change in Control Severance Agreement (Farmer Brothers Co), Change in Control Severance Agreement (Farmer Brothers Co), Change in Control Severance Agreement (Farmer Brothers Co)

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No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent (i) the terms of any other agreement, plan or arrangement pertaining to the parties provide for funding; or (ii) the Company (or its successorssuccessor) in its sole discretion elects in whole or in part to fund its the Company's obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 16 contracts

Samples: Change in Control Agreement (Interface Inc), Change in Control Agreement (Interface Inc), Change in Control Agreement (Interface Inc)

No Obligation to Fund. The agreement of the Company (or and/or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and and/or its successor), except to the extent (i) the terms of any other agreement, plan or arrangement pertaining to the parties provide for funding; or (ii) the Company (or its successorssuccessor) in its sole discretion elects in whole or in part to fund its the Company’s obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 5 contracts

Samples: Employment Agreement (Gardenburger Inc), Employment Agreement (Gardenburger Inc), Employment Agreement (Gardenburger Inc)

No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successorssuccessor) in its sole discretion elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 5 contracts

Samples: Executive Protection Agreement (Ems Technologies Inc), Executive Protection Agreement (Ems Technologies Inc), Executive Protection Agreement (Ems Technologies Inc)

No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive Employee hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successors) in its sole discretion elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (Farmer Brothers Co), Change in Control Severance Agreement (Farmer Brothers Co), Change in Control Severance Agreement (Farmer Brothers Co)

No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent (i) the terms of any other agreement, plan or arrangement pertaining to the parties provide for funding; or (ii) the Company (or its successorssuccessor) in its sole discretion elects in whole or in part to fund its the Company’s obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 3 contracts

Samples: Change in Control Agreement (Interface Inc), Severance Agreement (Reptron Electronics Inc), Severance Agreement (Reptron Electronics Inc)

No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successors) in its sole discretion elects in whole or in part to fund its obligations under obligation sunder this Agreement pursuant to a trust x xxxxt arrangement or otherwise.

Appears in 1 contract

Samples: Management Agreement (Cotton States Life Insurance Co /)

No Obligation to Fund. The agreement of the Company Corporation (or its --------------------- successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company Corporation (and its successor), except to the extent the Company Corporation (or its successors) in its sole discretion elects in whole or in part to fund its obligations obligation under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 1 contract

Samples: Employment Agreement (Century South Banks Inc)

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No Obligation to Fund. The agreement of the Company (or its ------------------------ successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successors) in its sole discretion elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 1 contract

Samples: Change in Control Agreement (Miller Industries Inc /Tn/)

No Obligation to Fund. The agreement of the Company (or its --------------------- successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successors) in its sole discretion elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 1 contract

Samples: Change in Control Agreement (Suburban Lodges of America Inc)

No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor)Company, except to the extent the Company (or its successors) Company, in its sole discretion discretion, elects in whole or in part to fund its obligations under this Agreement pursuant to a trust arrangement or otherwise.

Appears in 1 contract

Samples: Income Protection Agreement (Insilco Corp/De/)

No Obligation to Fund. The agreement of the Company (or its successor) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company (and its successor), except to the extent the Company (or its successors) in its sole discretion elects in whole or in part to fund its obligations under obligation xxxxxx this Agreement pursuant to a trust arrangement or otherwise.

Appears in 1 contract

Samples: Management Agreement (Cotton States Life Insurance Co /)

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