Unsecured Creditor Status. A Participant entitled to payment under this Plan shall rely solely upon the unsecured promise of the Company, as set forth herein, for the payment thereof, and nothing herein contained shall be construed to give to or vest in a Participant or any other person now or at any time in the future, any right, title, interest, or claim in or to any specific asset, fund, reserve, account, insurance or annuity policy or contract, or other property of any kind whatever owned by the Company, or in which the Company may have any right, title, or interest, nor or at any time in the future.
Appears in 5 contracts
Samples: Employment Agreement, Employment Agreement (Phosphate Holdings, Inc.), Employment Agreement (Phosphate Holdings, Inc.)
