ABSENCE OF FUNDING. Benefits payable pursuant to this Agreement shall not be funded, and the Bank shall not be required to segregate or earmark any of its assets for the benefit of Executive. Such benefits shall not be subject in any manner to anticipation, alienation, transfer or assignment by Executive, and any attempt to anticipate, alienate, transfer or assign these benefits shall be void. Executive shall have only the right of an unsecured general creditor of the Bank for the benefits hereunder.
Appears in 5 contracts
Samples: Retirement Agreement (Rockville Financial, Inc. /CT/), Retirement Agreement (Rockville Financial New, Inc.), Retirement Agreement (Rockville Financial, Inc. /CT/)
ABSENCE OF FUNDING. Benefits payable pursuant to this Agreement shall not be funded, and the Bank Employer shall not be required to segregate or earmark any of its assets for the benefit of the Executive. Such benefits shall not be subject in any manner to anticipation, alienation, transfer or assignment by the Executive, and any attempt to anticipate, alienate, transfer or assign these benefits shall be void. The Executive shall have only the right of an unsecured general creditor of the Bank Employer for the benefits hereunder.
Appears in 2 contracts
Samples: Agreement (Rockville Financial New, Inc.), Rockville Financial Inc.
