Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive's beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and the Executive's beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive’s Beneficiary are general unsecured creditors of the Company Employer for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Employer to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is insurance, annuity contract or other asset purchased by Employer to fund its obligations under this Agreement shall be a general asset of the Company Employer to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company and the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company and the Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company and/or the Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive’s Beneficiary are general unsecured creditors of the Company Employer for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Employer to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Employer to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive’s beneficiary(ies) are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary beneficiary(ies) have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such the benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life purchased by the Bank is a general asset of the Company Bank as to which the Executive and beneficiary have no preferred or secured claim, or any right, title or interest.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such the benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Executive Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary his beneficiary(ies) are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Executive's beneficiary(ies) are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary the Executive's beneficiary(ies) have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim; provided, however, that the Company is under no obligation to purchase any life insurance on the Executive by executing this Agreement.

Unfunded Arrangement. The Executive and beneficiary beneficiaries are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive's beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and the Executive's beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to or anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreementbenefits. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.. 7.9

Unfunded Arrangement. The Executive and his/her designated beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Corporation for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Corporation to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company Corporation to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and any beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance Insurance on the Executive's life ’s life, if any, is a general asset of the Company Bank to which the Executive and any beneficiary shall have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbranceencumbrance by the Executive, attachment, or attachment or garnishment by the Executive’s creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive Executives and beneficiary beneficiaries are general unsecured creditors of the Company and their respective Employers for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company and the respective Employers to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company or the Employer to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the beneficiary thereof are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere unsecured promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company Bank to which the Executive and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.. 8.9

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.. 8.7

Unfunded Arrangement. The Executive and his beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive’s beneficiary are general unsecured creditors of the Company Employer for the payment of benefits under this AgreementPlan. The benefits represent the a mere promise by the Company Employer to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company Corporation for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Corporation to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company Corporation to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive's Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and any beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance Insurance on the Executive's life life, if any, is a general asset of the Company to which the Executive and any beneficiary shall have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive’s beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company to which the Executive and the Executive’s beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and any designated beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, sale transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive's Beneficiary are general unsecured creditors of the Company Employer for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Employer to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Employer to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditorscreditors of the Executive. Any insurance on the Executive's ’s life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive’s Beneficiary are general unsecured creditors of the Company Association for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Association to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Association to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the beneficiary thereof are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive’s beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and the Executive’s beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary her Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive’s Beneficiary are general unsecured creditors of the Company Employer for the payment of benefits under this AgreementPlan. The benefits represent the mere promise by the Company Employer to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Employer to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and any beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, encumbrance by the Executive or attachment or garnishment by the Executive's creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, encumbrance by the Executive or attachment or garnishment by the Executive's creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive Executives and beneficiary beneficiaries are general unsecured creditors of the Company and their respective Employers for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company and the respective Employers to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company or the Employer to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive’s beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such the benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Holding Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Holding Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, encumbrance by the Executive or attachment or garnishment by the Executive’s creditors. Any insurance on the Executive's ’s life is a general asset of the Holding Company to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive's beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. Agreement The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and the Executive's beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary his beneficiary(ies) are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive's beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, assignment pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and the Executive's beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Executive’s Beneficiary are general unsecured creditors of the Company Employer for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Employer to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's life is insurance, annuity contract or other asset purchased by Employer to fund its obligations under this Agreement shall be a general asset of the Company Employer to which the Executive and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company ONB for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company ONB to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company ONB to which the Executive and beneficiary have no preferred or secured claim.. 10.7

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment of benefits under this AgreementPlan. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are arc not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company to which the f lie Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary Beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Bank to pay such benefits. The rights Rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life is a general asset of the Company Bank to which the Executive and beneficiary Beneficiary have no preferred or secured claim.. Exhibit 10.7

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for or the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary the Beneficiary are general unsecured creditors of the Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to pay distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Company to which the Executive and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by of the Company to pay such benefits. The rights to the benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Executive’s beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim.