Unfunded Status of Plan. It is intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payment; provided, however, that, unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan.
Appears in 6 contracts
Samples: Equity Award Plan (Covanta Energy Corp), Equity Award Plan (Danielson Holding Corp), Equity Award Plan (Covanta Holding Corp)
Unfunded Status of Plan. It is intended that the Plan constitute be an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock Shares or make paymentpayments; provided, however, that, unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan.
Appears in 4 contracts
Samples: 2006 Long Term Incentive Plan (Mastercard Inc), 2006 Long Term Incentive Plan (Mastercard Inc), 2006 Long Term Incentive Plan (Mastercard Inc)
Unfunded Status of Plan. It is presently intended that the Plan constitute an “"unfunded” " plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make paymentpayments; provided, however, that, that unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “"unfunded” " status of the Plan.
Appears in 2 contracts
Samples: Stockholders' Agreement (JCS Realty Corp), Stockholders' Agreement (JCS Realty Corp)
