No Trust or Fund. The Plan is intended to constitute an “unfunded” plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company.
Appears in 2 contracts
Samples: Restricted Stock Agreement (LSB Industries Inc), Restricted Stock Agreement (LSB Industries Inc)
No Trust or Fund. The Plan is intended to constitute an “unfunded” plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common StockShares, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company.
Appears in 1 contract
No Trust or Fund. The This Plan is intended to constitute an “unfunded” plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company.
Appears in 1 contract
Samples: Employment Agreement (Strategic Hotels & Resorts, Inc)
No Trust or Fund. The Plan is intended to constitute an “"unfunded” " plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any ParticipantOptionee, and no Participant Optionee shall have any rights that are greater than those of a general unsecured creditor of the Company.
Appears in 1 contract
Samples: 1997 Nonqualified Stock Option Plan (Infoseek Corp /De/)
No Trust or Fund. The Plan is intended to constitute an “"unfunded” " plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Grant Agreement (Key Tronic Corp)
