No Trust Fund. 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. To the extent that the President acquires a right to receive payments from the University hereunder, such rights shall be no greater than the right of any unsecured, general creditor of the University.
Appears in 2 contracts
Samples: Employment Agreement, Employment Agreement
No Trust Fund. 26.1 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. To the extent that the President acquires a right to receive payments from the University hereunderUniversity, such rights shall be no greater than the right of any unsecured, general creditor of the University.
Appears in 1 contract
Samples: Employment Agreement
No Trust Fund. 24.1 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. To the extent that the President acquires a right to receive payments from the University hereunderUniversity, such rights shall be no greater than the right of any unsecured, general creditor of the University.
Appears in 1 contract
Samples: President's Employment Agreement