Common use of No Trust Created Clause in Contracts

No Trust Created. Nothing contained in this Agreement and no --------- ---------------- action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Bank and the Executive, the Executive's designated Beneficiaries or any other person.

Appears in 2 contracts

Samples: Retirement Payment Agreement (Coddle Creek Financial Corp), Retirement Payment Agreement (Coddle Creek Financial Corp)

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No Trust Created. Nothing contained in this Agreement and no --------- ---------- ---------------- action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Bank and the Executive, the Executive's designated Beneficiaries or any other person.

Appears in 2 contracts

Samples: Retirement Payment Agreement (Coddle Creek Financial Corp), Retirement Payment Agreement (Coddle Creek Financial Corp)

No Trust Created. Nothing contained in this Agreement and no --------- ---------- ---------------- action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Bank and the ExecutiveDirector, the ExecutiveDirector's designated Beneficiaries Beneficiary or any other person.

Appears in 2 contracts

Samples: Retirement Payment Agreement (Coddle Creek Financial Corp), Retirement Payment Agreement (Coddle Creek Financial Corp)

No Trust Created. Nothing contained in this Agreement and no --------- ---------- ---------------- action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Bank and the Executive, the Executive's designated Beneficiaries Beneficiary or any other person.

Appears in 2 contracts

Samples: Retirement Payment Agreement (Coddle Creek Financial Corp), Retirement Payment Agreement (Coddle Creek Financial Corp)

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No Trust Created. Nothing contained in this Agreement and no --------- ---------- ---------------- action taken pursuant to the provisions of this Agreement shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Bank and the ExecutiveDirectors, the Executive's Directors' designated Beneficiaries or any other person.

Appears in 1 contract

Samples: Retirement Payment Agreement (Coddle Creek Financial Corp)

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