Common use of No Right to Specific Assets Clause in Contracts

No Right to Specific Assets. While the Account shall be for the benefit of Participant, it shall at all times be an unfunded account and the Company shall have no obligation to reserve or otherwise set aside any amounts in respect of the Account. Participant's rights shall be solely to receive the benefits determined in accordance with this Agreement. Participant shall have no claim, right, title, or interest or claim in any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or in which it may have a right, title or interest, now in the future. No provision or terms contained herein or the establishment of any account or records on the books of the Company in furtherance of carrying out the provisions of this Agreement shall be deemed to create a trust or escrow arrangement of any kind, or create a fiduciary relationship, between the Company and Participant.

No Right to Specific Assets. While the Account shall be for the benefit of Participant, it shall at all times be an unfunded account and the Company shall have no obligation to reserve or otherwise set aside any amounts in respect of the Account. Participant's ’s rights shall be solely to receive the benefits determined in accordance with this Agreement. Participant shall have no claim, right, title, or interest or claim in any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or in which it may have a right, title or interest, now in the future. No provision or terms contained herein or the establishment of any account or records on the books of the Company in furtherance of carrying out the provisions of this Agreement shall be deemed to create a trust or escrow arrangement of any kind, or create a fiduciary relationship, between the Company and Participant.