No Rights to Assets. The rights of the Executive and his beneficiary shall be solely those of unsecured general creditors of the Corporation. The Executive and his beneficiary shall only have the right to receive from the Corporation those payments as are specified under this Agreement. The Executive agrees that he and his beneficiary shall have no rights or interests whatsoever in any asset of this Corporation.
Appears in 4 contracts
Samples: Executive Supplemental Defined Contribution Benefit Agreement (Elco Industries Inc), Executive Supplemental Defined Contribution Benefit Agreement (Elco Industries Inc), Executive Supplemental Defined Contribution Benefit Agreement (Elco Industries Inc)
