Unfunded Obligation. All benefits due to the Executive under this Agreement are unfunded and unsecured and are payable out of the general funds of the Company.
Appears in 10 contracts
Samples: Severance Agreement (Moneygram International Inc), Severance and Change in Control Agreement (Sabine Oil & Gas Corp), Severance and Change in Control Agreement (Forest Oil Corp)
Unfunded Obligation. All benefits due to the Executive under this Agreement are unfunded and unsecured and are payable out of the general funds of the Company.
Appears in 1 contract
Unfunded Obligation. All benefits due to the Executive (or a person claiming through or on behalf of the Executive) under this Agreement are unfunded and unsecured and are payable out of the general funds of the CompanyBank.
Appears in 1 contract
Samples: Deferred Cash Bonus Agreement (Provident Bancorp, Inc. /MD/)
