Rights of Creditors. (a) This Plan is unfunded. With respect to the payment of amounts credited to a Participant’s Account, the Participant and his Beneficiaries have the status of unsecured creditors of the Participating Fund to which such Account relates. The Plan shall not be construed as conferring on a Participant any right, title, interest, or claim in or to any specific asset, reserve, account, or property or any kind possessed by the Participating Funds. To the extent that a Participant or any other person acquires a right to receive payments from the Participating Funds, such right shall be no greater than the right of an unsecured general creditor. (b) This Plan is executed on behalf of each Participating Fund by an officer of that Participating Fund as such and not individually. Any obligation of a Participating Fund hereunder shall be an unsecured obligation of that Participating Fund and not of any other person.
Appears in 78 contracts
Samples: Deferred Compensation Plan (Nuveen Multi-Asset Income Fund), Deferred Compensation Plan (Nuveen Core Plus Impact Fund), Deferred Compensation Plan (Nuveen Municipal Credit Opportunities Fund)
