Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The Director 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 Director's life is a general asset of the Company to which the Director and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 Director's ’s life is a general asset of the Company to which the Director and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Director'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 Director's life is a general asset of the Company to which the Director and the Director's beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 Director's ’s life is a general asset of the Company Bank to which the Director and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Director’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 Director's ’s life is a general asset of the Company to which the Director and the Director’s beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 Director's ’s life or other informal funding asset is a general asset of the Company to which the Director and beneficiary the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 Director's ’s life or other informal funding asset is a general asset of the Company to which the Director and beneficiary Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Director’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 Director's ’s life is a general asset of the Company Bank to which the Director and the Director’s beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 creditorscreditors of the Director. Any insurance on the Director's life is a general unpledged, unrestricted asset of the Company Bank to which the Director and beneficiary have no preferred or secured claim.secured

Unfunded Arrangement. The Director 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 7 <PAGE> not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Director's life is a general asset of the Company to which the Director and beneficiary have no preferred or secured claim.. 8.7

Unfunded Arrangement. The Director and Director'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 Director's life is a general asset of the Company to which the Director and the Director's beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Director'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 Director's life is a general asset of the Company Bank to which the Director and the Director's beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 Director's Directors life is a general asset of the Company Bank to which the Director and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Director’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 arc not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Director's ’s life is a general asset of the Company to which the Director and the Director’s beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 to any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditorscreditors or beneficiaries of the Director. Any insurance on the Director's life is a general asset of the Company Bank to which the Director and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Director’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 Director's life is a general asset of the Company to which the Director and the Director’s beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 policy on the Director's life is a general asset of obtained by the Company to which shall be owned by the Director Company and beneficiary have shall confer no preferred or secured claimclaim status to such policy or policy benefits on the Director or beneficiary.

Unfunded Arrangement. The Director and beneficiary are general unsecured creditors of the Company Corporation for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company Corporation 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 Director's ’s life is a general asset of the Company Corporation to which the Director and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and beneficiary Beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreementrestatement. 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 Director's life is a general asset of the Company to which the Director and beneficiary Beneficiary have no preferred or secured claim.. 10.7

Unfunded Arrangement. The Director 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 Director's life is a general asset of the Company to which the Director and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director 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 Director's life is a general asset of the Company Bank to which the Director and beneficiary have no preferred or secured claim.