Unfunded Agreement. The separation payments and benefits paid under this Agreement shall be paid from the general assets of the Company or NAVISTAR, INC., and the Executive (including his or her designated beneficiaries, heirs, and successors to the extent applicable) shall be no more than an unsecured general creditor of the Company and NAVISTAR, INC., with no special or prior right, interest, or claim to any assets of the Company or NAVISTAR, INC. for any separation payments or benefits otherwise payable hereunder.
Appears in 3 contracts
Samples: Executive Severance Agreement (Navistar International Corp), Executive Severance Agreement (Navistar International Corp), Executive Severance Agreement (Navistar International Corp)
Unfunded Agreement. The separation payments and benefits paid under this Agreement shall be paid from the general assets of the Company or NAVISTAR, INC., and the Executive (including his or her designated beneficiaries, heirs, and successors to the extent applicable) shall be no more than an unsecured general creditor of the Company and NAVISTAR, INC., with no special or prior right, interest, or claim to any assets of the Company or NAVISTAR, INC. for any separation payments or benefits otherwise payable hereunder.
Appears in 2 contracts
Samples: Executive Severance Agreement, Executive Severance Agreement (Navistar International Corp)
