Common use of PAYMENT FROM GENERAL ASSETS Clause in Contracts

PAYMENT FROM GENERAL ASSETS. a. To the extent a benefit under this 2004 Retirement Agreement is not otherwise payable from a Retirement Program (or unless otherwise determined by the Corporation), all benefits payable to Mx. Xxxxxxxx hereunder will be paid by the Corporation from its general assets. The Corporation will not be obliged to acquire, designate or set aside any specific assets for payment of the Supplement. Further, Mx. Xxxxxxxx will have no claim whatsoever to any specific assets or group assets of the Corporation. b. The Corporation may, in its discretion, designate that the some or all the benefits payable hereunder will be satisfied from the assets of a trust, fund, or other segregated group of assets. But, should these assets prove to be insufficient to satisfy payment of such benefits or other post-retirement benefits, the Corporation will remain liable for payment thereof.

PAYMENT FROM GENERAL ASSETS. a. To the extent a benefit under this 2004 2002 Retirement Agreement is not otherwise payable from a Retirement Program (or unless otherwise determined by the Corporation), all benefits payable to Mx. Xxxxxxxx hereunder will be paid by the Corporation from its general assets. The Corporation will not be obliged to acquire, designate or set aside any specific assets for payment of the Supplement. Further, Mx. Xxxxxxxx will have no claim whatsoever to any specific assets or group assets of the Corporation. b. The Corporation may, in its discretion, designate that the some or all the benefits payable hereunder will be satisfied from the assets of a trust, fund, or other segregated group of assets. But, should these assets prove to be insufficient to satisfy payment of such benefits or other post-retirement benefits, the Corporation will remain liable for payment thereof.

PAYMENT FROM GENERAL ASSETS. a. To the extent a benefit under this 2004 2007 Retirement Agreement is not otherwise payable from a the Retirement Program (or unless otherwise determined by the Corporation), all benefits payable to MxXx. Xxxxxxxx hereunder will be paid by the Corporation from its general assets. The Corporation will not be obliged to acquire, designate or set aside any specific assets for payment of the Supplement2007 Retirement Agreement Benefit. Further, MxXx. Xxxxxxxx will have no claim whatsoever to any specific assets or group assets of the Corporation. b. The Corporation may, in its discretion, designate that the some or all the benefits payable hereunder will be satisfied from the assets of a trust, fund, or other segregated group of assets. But, should these assets prove to be insufficient to satisfy payment of such benefits or other post-retirement benefits, the Corporation will remain liable for payment thereof.

PAYMENT FROM GENERAL ASSETS. a. To the extent a benefit under this 2004 Retirement Agreement is not otherwise payable from a Retirement Program (or unless otherwise determined by the Corporation), all benefits payable to Mx. Xxxxxxxx Xxxxxxx hereunder will be paid by the Corporation from its general assets. The Corporation will not be obliged to acquire, designate or set aside any specific assets for payment of the Supplement. Further, Mx. Xxxxxxxx Xxxxxxx will have no claim whatsoever to any specific assets or group assets of the Corporation. b. The Corporation may, in its discretion, designate that the some or all the benefits payable hereunder will be satisfied from the assets of a trust, fund, or other segregated group of assets. But, should these assets prove to be insufficient to satisfy payment of such benefits or other post-retirement benefits, the Corporation will remain liable for payment thereof.