Common use of NON-SEGREGATION Clause in Contracts

NON-SEGREGATION. No assets of the Company need to be segregated or earmarked to represent the liability for benefits payable hereunder. The rights of any person to receive benefits hereunder shall be only those of a general unsecured creditor.

Appears in 3 contracts

Samples: Senior Management Incentive Agreement (Ep Medsystems Inc), Senior Management Incentive Agreement (Ep Medsystems Inc), Management Incentive Agreement (Ep Medsystems Inc)

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NON-SEGREGATION. No assets of the Company need to be segregated or earmarked to represent the liability for benefits payable hereunder. The rights of any person Person to receive benefits hereunder shall be only those of a general unsecured creditorcreditor but in first position.

Appears in 1 contract

Samples: Noncompetition and Nonsolicitation Agreement (Montavo, Inc.)

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