Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company.
Appears in 8 contracts
Samples: Business Combination Agreement (Zanite Acquisition Corp.), Merger Agreement (B. Riley Principal 150 Merger Corp.), Merger Agreement (EJF Acquisition Corp.)
Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan for incentive compensation. Neither the Company, the Board nor the Committee shall be required to establish any special or separate fund or to segregate any assets to assure the performance of its obligations under the Plan. With respect to any payments not yet made or Shares not yet transferred to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general unsecured creditor of the Company.
Appears in 4 contracts
Samples: Business Combination Agreement (Goal Acquisitions Corp.), Business Combination Agreement (Goal Acquisitions Corp.), Merger Agreement (TradeUP Acquisition Corp.)
Unfunded Status of Plan. The Plan is intended to constitute an “"unfunded” " plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant Holder by the Company, nothing contained herein shall give any such Participant Holder any rights that are greater than those of a general creditor of the Company.
Appears in 2 contracts
Samples: 1996 Stock Option Plan (Litigation Economics Inc), 1996 Stock Option Plan (Litigation Economics Inc)
Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan for incentive compensation. Neither the Company, the Board nor the Committee shall be required to establish any special or separate fund or to segregate any assets to assure the performance of its obligations under the Plan. With respect to any payments not yet made or shares of Common Stock not yet transferred to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general unsecured creditor of the Company.
Appears in 1 contract
Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made or Shares not yet transferred to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company.
Appears in 1 contract
Samples: Business Combination Agreement (StoneBridge Acquisition Corp.)
Unfunded Status of Plan. The Plan is intended to constitute an “"unfunded” " plan for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement (Pinnacle Holdings Inc)
Unfunded Status of Plan. The Plan is intended to ----------------------- constitute an “"unfunded” " plan of deferred compensation for incentive compensationParticipants. Benefits payable hereunder shall be payable out of the general assets of the Company, and no segregation of any assets whatsoever for such benefits shall be made. With respect to any payments not yet made to a Participant by the CompanyParticipant, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company.
Appears in 1 contract
Samples: Non Qualified Retirement Savings and Investment Plan (Vitalink Pharmacy Services Inc)
Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan of deferred compensation for incentive compensationParticipants. Benefits payable hereunder shall be payable out of the general assets of the Company, and no segregation of any assets whatsoever for such benefits shall be required. With respect to any payments not yet made to a Participant by the CompanyParticipant, nothing contained herein shall give any such Participant any rights to assets that are greater than those of a general creditor of the Company.
Appears in 1 contract
Samples: Defined Contribution Supplemental Executive Retirement Plan (Neiman Marcus, Inc.)
