Common use of Unfunded Obligation Clause in Contracts

Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the Company. The Company shall have no obligation to establish any fund or to set aside any assets to provide benefits under this Agreement.

Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the CompanyCompany and its Affiliates. The Company shall have no obligation to establish any fund or to set aside any assets to provide benefits under this Agreement. With respect to all payment and performance obligations of the Company under this Agreement, the term the “Company” shall include all of its Affiliates.

Unfunded Obligation. The obligations of the Company under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the Company. The Company shall have no obligation not be required to establish any special or separate fund or to set aside make any other segregation of assets to provide benefits assure the payment of any amount under this Agreement. In no event shall interest be paid or accrued on any Option.

Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this the Agreement shall be paid from the general assets of the CompanyCompanies. The Company Companies shall have no obligation to establish any fund or to set aside any assets to provide benefits under the Agreement. The foregoing notwithstanding, all compensation and benefits due to, and other rights of, Employee under this AgreementAgreement shall be treated as allowed administrative expenses under section 503 of the Bankruptcy Code in the Companies' cases under chapter 11 of the Bankruptcy Code.

Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the CompanyCompany and its Affiliates. The Company shall have no obligation to establish any fund or to set aside any assets to provide benefits under this Agreement.. With respect to all payment and performance obligations of the Company under this Agreement, the term the “Company” shall include all of its Affiliates. Xxxxxx Medical Group, Inc. Separation Pay Agreement Page 21