Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the payment of the benefits under this Agreement. The benefits represent the mere promise by the Employer to pay such benefits under this Agreement. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer Bank to pay distribute such benefits under this Agreementbenefits. 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 Bank to which the Executive has no preferred or secured claim. PLUMAS BANK SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the payment of the benefits under this Agreement. The benefits represent the mere promise by the Employer Company to pay such benefits under this Agreementbenefits. 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 has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the payment of the benefits under this Agreement. The benefits represent the mere promise by the Employer Company to pay such benefits under this Agreementbenefits. 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 any other asset held in connection with this Agreement is a general asset of the Company to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the payment of the benefits under this Agreement. The benefits represent the mere promise by the Employer Company to pay such benefits under this Agreementbenefits. 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 any other asset held in connection with this Agreement is a general asset of the Company to which the Executive has no preferred or secured claim by virtue of this agreement.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer Company to pay distribute such benefits under this Agreementbenefits. 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 has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the payment of the benefits under this Agreement. The benefits represent the Bank’s mere promise by the Employer to pay such benefits under this Agreementbenefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors.

Unfunded Arrangement. The Executive is a general unsecured creditor creditors of the Bank for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer Bank to pay distribute such benefits under this Agreementbenefits. 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 Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer Bank to pay distribute such benefits under this Agreementbenefits. 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 Executive's life or other informal funding asset is a general asset of the Bank to which Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer Company to pay distribute such benefits under this Agreementbenefits. 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 has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer Bank to pay distribute such benefits under this Agreementbenefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Employer for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer to pay distribute such benefits under this Agreementbenefits. 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 Employer to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the payment distribution of the benefits under this Agreement. The benefits represent the mere promise by the Employer Bank to pay distribute such benefits under this Agreementbenefits. 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 Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the payment of the benefits under this Agreement. The benefits represent the mere promise by the Employer Company to pay such benefits under this Agreementbenefits. 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 any other asset held in connection with this Agreement is a general asset of the Company to which the Executive has no preferred or secured claim.