Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Rights Under the Agreement. None of the parties may transfer its rights entitled hereunder without the written consent of the other party. This Agreement shall be binding upon their respective successors and assigns of the Parties.
Rights Under the Agreement. No employee covered under this Agreement shall be intimidated, coerced, restrained, penalized, or discriminated against in any manner because they have exercised their rights and privileges provided for in the terms of this Agreement which include, but are not limited to, the processing of grievances.
Rights Under the Agreement. (a) Nothing in this Agreement shall confer upon Executive the right to continue in the employ of Xxxxx or shall interfere with or restrict in any way the rights of Xxxxx to discharge Executive at any time for any reason whatsoever, with or without good cause. Benefits payable under this Agreement shall not be considered salary or other compensation to Executive for the purpose of computing benefits to which Executive may be entitled under any pension or profit-sharing plan or any other arrangement of Xxxxx for the benefit of the Executive or for the benefit of its employees or any class of its employees.
(b) The rights of Executive and Executive's Named Beneficiary under this Agreement shall be limited to the right to death benefits pursuant to paragraph 7, the right to designate a beneficiary for such benefits pursuant to paragraph 4, and the rights to terminate this Agreement and purchase the Policy pursuant to paragraph 8.
Rights Under the Agreement. This Agreement is between you and us. No other person shall have any rights to enforce any of its Terms.
Rights Under the Agreement. The right to receive benefits under this Agreement will not give Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. Executive will for all purposes be a general creditor of the Company. The interest of Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of Executive's creditors. The foregoing provisions of this Section 12 shall not apply to the extent (if any) that they conflict with the rights of the Executive under the stock option plans referred to in Section 3(c).
Rights Under the Agreement. (a) The rights of Executive and Executive's Designated Beneficiary under this Agreement shall be limited to the right to death benefits pursuant to paragraph 1 and the right to designate a beneficiary for such benefits pursuant to paragraph 2. Participation in this Agreement and the right to receive payments under this Agreement shall not give Executive or Executive's Designated Beneficiary any proprietary interest in Xxxxx or any of its assets. Executive and Executive's Designated Beneficiary have no claim or right to any life insurance policy, or proceeds therefrom, because of this Agreement and any reference to a life insurance policy in this Agreement is only for purposes of measuring the amount of the benefits, if any, payable by Xxxxx. No trust fund shall be created in connection with this Agreement, and there shall be no required funding of amounts that may become payable under this Agreement. No fiduciary relationship between Xxxxx and Executive is created by this Agreement and Executive and Executive's Designated Beneficiary shall, for all purposes, be general creditors of Xxxxx. The interest of Executive and Executive's Designated Beneficiary in this Agreement cannot be assigned, anticipated, sold, encumbered or pledged and shall not be subject to the claims of their creditors.
(b) Nothing in this Agreement shall confer upon Executive the right to continue in the employ of Xxxxx or shall interfere with or restrict in any way the rights of Xxxxx to discharge Executive at any time for any reason whatsoever, with or without good cause.
(c) Benefits payable under this Agreement shall not be considered salary or other compensation to Executive for the purpose of computing benefits to which Executive may be entitled under any pension or profit-sharing plan or any other arrangement of Xxxxx for the benefit of Executive or for the benefit of its employees or any class of its employees.
Rights Under the Agreement. The Issuer will not consent to any amendment, revocation or modification of the Agreement during the term that any of the Bonds are outstanding without first securing the written consent of the Trustee to such change or modification, and if such change or modification shall result in the diminution of or affect the security of the Bondholders, then such change or modification first shall, be approved by the holders of not less than sixty-six and two-thirds percent (66 2/3%) of the then outstanding Bonds. The Issuer agrees that the Trustee, in its own name or in the name of the Issuer, may enforce all rights of the Issuer and all obligations of the Company under and pursuant to the Agreement for and on behalf of the Bondholders, whether or not the Issuer is in default hereunder.
Rights Under the Agreement. This Agreement is solely between the Ceding Company and the Reinsurer. The acceptance of risks under this Agreement will create no right or legal relation between the Reinsurer and any other party, including the insured, owner or beneficiary of any insurance policy or other contract of the Ceding Company. The Ceding Company shall be solely liable to the insured, policyowner or beneficiary.
Rights Under the Agreement
