Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The Director is a 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has no preferred or secured claim.

Unfunded Arrangement. The Director is a and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the This Agreement constitutes a 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director is a general unsecured creditors creditor 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has no preferred or secured claim.

Unfunded Arrangement. The Director is a general unsecured creditors creditor 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 or any other asset held in connection with this Agreement is a general asset of the Company Bank to which the Director has no preferred or secured claim.

Unfunded Arrangement. The Director is a and the Director’s beneficiary are general unsecured creditors of the Company Bank for the payment of benefits under this Amended 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 or any other asset held in connection with this Agreement is a general asset of the Company Bank to which the Director has and the Director’s beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director is a 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director is a 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has no preferred or secured claim.

Unfunded Arrangement. The Director is a 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has no preferred or secured claim.no

Unfunded Arrangement. The Director is a 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 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 ’s life or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director is a and any 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 or any other asset held in connection with this Agreement is a general asset of the Company Corporation to which the Director has and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director is a general unsecured creditors creditor 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has no preferred or secured claim.

Unfunded Arrangement. The Director is a 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 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 or any other asset held in connection with this Agreement is a general asset of the Company to which the Director has and beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Director is a 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 Director's ’s life or any other informal funding asset held in connection with this Agreement is a general asset of the Company Bank to which the Director has no preferred or secured claim.

Unfunded Arrangement. The Director is a general unsecured creditors creditor 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 or any other asset held in connection with this Agreement is a general asset of the Company Bank to which the Director has no preferred or secured claim.

Unfunded Arrangement. The Director is a general unsecured creditors creditor 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 Director's ’s life or any other informal funding asset held in connection with this Agreement is a general asset of the Company Bank to which the Director has no preferred or secured claim.