Rabbi Trust. In conjunction with the execution of this Agreement, the Bank shall establish an irrevocable Rabbi Trust in order to fund its Severance Payment obligations under this Agreement. The terms of the Rabbi Trust are incorporated by reference. To the extent that the Executive acquires a right to receive benefits under this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Bank.
Appears in 6 contracts
Samples: Severance Agreement (Abigail Adams National Bancorp Inc), Severance Agreement (Abigail Adams National Bancorp Inc), Severance Agreement (Abigail Adams National Bancorp Inc)
