Unfunded Agreement. The obligations of the Company under this Agreement represent an unsecured, unfunded promise to pay benefits to Executive and/or Executive’s beneficiaries, and shall not entitle Executive or such beneficiaries to a preferential claim to any asset of the Company.
Appears in 44 contracts
Samples: Employment Agreement (CVS HEALTH Corp), Severance and Change of Control Agreement (SMART Global Holdings, Inc.), Severance and Change of Control Agreement
Unfunded Agreement. The obligations of the Company under this Agreement represent an unsecured, unfunded promise to pay benefits to Executive and/or Executive’s 's beneficiaries, and shall not entitle Executive or such beneficiaries to a preferential claim to any asset of the Company.
Appears in 20 contracts
Samples: Employment Agreement (Aetna Inc /Pa/), Employment Agreement (Aetna Inc /Pa/), Executive Retention Agreement (Ingram Micro Inc)
Unfunded Agreement. The obligations of the Company under this Agreement represent an unsecured, unfunded promise to pay benefits to Executive Employee and/or ExecutiveEmployee’s beneficiaries, and shall not entitle Executive Employee or such beneficiaries to a preferential claim to any asset of the Company.
Appears in 16 contracts
Samples: Change in Control Severance Agreement (Ultra Clean Holdings, Inc.), Change in Control Severance Agreement (Ultra Clean Holdings, Inc.), Change in Control Severance Agreement (Ultra Clean Holdings, Inc.)
Unfunded Agreement. The Except to the extent otherwise provided in Article 2, the obligations of the Company under this Agreement represent an unsecured, unfunded promise to pay benefits to Executive and/or Executive’s 's beneficiaries, and shall not entitle Executive or such beneficiaries to a preferential claim to any asset of the Company.
Appears in 1 contract
Samples: Executive Retention Protection Agreement (Delta Air Lines Inc /De/)
Unfunded Agreement. The Except to the extent otherwise provided in Section 3.04 and Article 5, the obligations of the Company under this Agreement represent an unsecured, unfunded promise to pay benefits to Executive and/or Executive’s 's beneficiaries, and shall not entitle Executive or such beneficiaries to a preferential claim to any asset of the Company.
Appears in 1 contract
Unfunded Agreement. The Except to the extent otherwise provided in Article 5, the obligations of the Company under this Agreement represent an unsecured, unfunded promise to pay benefits to Executive and/or Executive’s 's beneficiaries, and shall not entitle Executive or such beneficiaries to a preferential claim to any asset of the Company.
Appears in 1 contract
