Unfunded Obligations. The amounts to be paid to the Executive under this Agreement are unfunded obligations of the Company. The Company is not required to segregate any monies or other assets from its general funds with respect to these obligations. The Executive shall not have any preference or security interest in any assets of the Company other than as a general unsecured creditor.
Appears in 13 contracts
Samples: Executive Employment Agreement (Victoria's Secret & Co.), Executive Severance Agreement (Victoria's Secret & Co.), Executive Severance Agreement (Bath & Body Works, Inc.)
Unfunded Obligations. The amounts to be paid to the Executive under this Agreement are unfunded obligations of the Company. The Company is not required to segregate any monies or other assets from its general funds with respect to these obligations. The Executive shall not have any preference or security interest in any assets of the Company other than as a general unsecured creditor.
Appears in 4 contracts
Samples: Executive Retention Agreement (Bath & Body Works, Inc.), Executive Retention Agreement (Bath & Body Works, Inc.), Executive Retention Agreement (Bath & Body Works, Inc.)
Unfunded Obligations. The amounts to be paid to the Executive Executives under this Agreement are unfunded obligations of the Company. The Company is not required to segregate any monies or other assets from its general funds with respect to regarding these obligations. The Executive shall not Executives have any no preference or security interest in any assets of the Company other than as a general unsecured creditor.
Appears in 3 contracts
Samples: Severance Agreement (Spectranetics Corp), Form of Severance Agreement (Spectranetics Corp), Form of Severance Agreement (Spectranetics Corp)
