No Trust Fund. This Agreement shall not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 2 contracts
Samples: Retention Bonus Agreement (Versum Materials, Inc.), Retention Bonus Agreement (Versum Materials, Inc.)
No Trust Fund. This Agreement shall not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company Bank and you or any other person. To , and to the extent that you acquire the right to receive payments from the Company Bank under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the CompanyBank.
Appears in 1 contract
No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any of its affiliates and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.
Appears in 1 contract
Samples: Retention Bonus Agreement (Snap One Holdings Corp.)
No Trust Fund. This Agreement shall not be construed to create (or an obligation to create) a trust or separate fund of any kind or a fiduciary relationship between the Company and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company. The obligations of the Company to make payments under this Agreement shall be contractual only and all such payments shall be made solely from the general assets of the Company.
Appears in 1 contract
No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and you or any other person. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.
Appears in 1 contract
Samples: Employment Agreement (ODP Corp)
No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any of its affiliates and you or any other person. To the extent that you (or your designated beneficiary, legal representative or estate, as applicable) acquire the right to receive payments from the Company or any of its affiliates under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.
Appears in 1 contract
No Trust Fund. This Agreement shall will not be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any of its affiliates and you or any other personperson or entity. To the extent that you acquire the right to receive payments from the Company under this Agreement, such right shall will be no greater than the right of any unsecured general creditor of the Company.
Appears in 1 contract
