Common use of No Vested Interest Clause in Contracts

No Vested Interest. Neither you nor your Beneficiary shall have any right, title or interest in any benefit under this Agreement prior to the occurrence of the right to the payment thereof, or in any property of the Company or its subsidiaries or affiliates.

Appears in 2 contracts

Samples: Severance Agreement (Borg Warner Security Corp), Severance Agreement (Borg Warner Security Corp)

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No Vested Interest. Neither you Employee nor your Beneficiary Employee's beneficiary shall have any right, title title, or interest in any benefit under this Agreement prior to the occurrence of the right to the payment thereof, or in any property of the Company Corporation or its subsidiaries or affiliates.

Appears in 2 contracts

Samples: Executive Severance Agreement (Duriron Co Inc), Executive Severance Agreement (Old Kent Financial Corp /Mi/)

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