Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The Director and Beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The rights to benefits are not subject 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 Bank 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 Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay 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 Bank to which the Director and Beneficiary beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary are general unsecured creditors of the Bank Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay benefits. The rights to benefits are not subject 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 Bank Company to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to 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 Bank Company to which the Director and the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 life or other informal funding asset is a general asset of the Bank to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Under this Agreement, the Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 is a general asset of the Bank to which the Director and the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 Bank to which the Director and Beneficiary have no preferred or secured claim.

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

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

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

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 life or other informal funding asset is a general asset of the Bank to which the Director and the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to 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 Bank Company to which the Director and Beneficiary have no preferred or secured claim.

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

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Amended Agreement. The benefits represent the mere promise by the Bank to pay 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 Bank to which the Director and the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay such benefits provided the Director performs the services in Section 2.1.3. 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 Bank to which the Director and Beneficiary beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the contractual obligation of the bank to 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 life or other informal funding asset is a general asset of the Bank 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 Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by 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, attachment or garnishment by creditors. Any insurance on the Director’s life is a general asset of the Bank to which the Director and Beneficiary beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to 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 life or other informal funding asset is a general asset of the Bank 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 Bank 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 Bank Company to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 life or other informal funding asset is a general asset of the Bank 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 Bank 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 Bank to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Company and/or the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company and/or the Bank to 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 and/or the Bank to which the Director and the Beneficiary have no preferred or secured claim.

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

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by 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 Director’s life or other informal funding asset is a general asset of the Bank to which the Director and the Beneficiary have no preferred or secured claim.

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

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 Bank to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The rights to benefits are not subject 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 Bank 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 Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by 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 Director’s 's life is a general asset of the Bank to which the Director and Beneficiary beneficiary have no preferred or secured claim.. 8.8

Unfunded Arrangement. The Director and Beneficiary beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent that mere promise by the Bank to pay such benefits. The rights to benefits are not subject in any manner to anticipationantiCiPELtion, 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 Bank to which the Director and Beneficiary beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary are general unsecured creditors of the Bank 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 Bank Company to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 life or other informal funding asset is a general asset of the Bank to which the Director and the Beneficiary have no preferred or secured claim.

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

Unfunded Arrangement. The Director and Beneficiary beneficiary are general unsecured creditors of the Bank Corporation for the payment of benefits under this Agreement. The benefits represent the mere promise by the 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 Bank Corporation to which the Director and Beneficiary beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by 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 Director’s 's life is a general asset of the Bank to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 life or other informal funding asset is a general asset of the Bank to which the Director and Beneficiary have has no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary are general unsecured creditors of the Bank Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company to 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 life or other informal funding asset is a general asset of the Bank Company to which the Director and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and the Beneficiary are general unsecured creditors of the Bank Corporation for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Corporation to 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 life or other informal funding asset is a general asset of the Bank Corporation to which the Director and the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director and Beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 Bank to which the Director and Beneficiary have no preferred or secured claim.

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

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