Common use of Benefits Unfunded Clause in Contracts

Benefits Unfunded. All rights of Executive and his spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 13 contracts

Samples: Agreement (Performance Food Group Co), Employment Agreement (Coventry Health Care Inc), Employment Agreement (Coventry Corp)

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Benefits Unfunded. All rights of Executive and his or her spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his or her spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his or her spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 10 contracts

Samples: Agreement (Shoneys Inc), Agreement (Shoneys Inc), Agreement (Shoneys Inc)

Benefits Unfunded. All rights of Executive and his spouse or other ----------------- beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Corporation or Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Corporation or Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 7 contracts

Samples: Change of Control Severance Agreement (BSB Bancorp Inc), Change of Control Severance Agreement (BSB Bancorp Inc), Change of Control Severance Agreement (BSB Bancorp Inc)

Benefits Unfunded. All rights of the Executive and his the Executive's spouse or other beneficiary under this Agreement shall at all times be entirely unfunded unfunded, and no provision shall at any time be made with respect to segregating any assets of Employer the Company for payment of any amounts due hereunder. Neither the Executive nor his the Executive's spouse or other beneficiary shall have any interest in or rights against any specific assets of Employerthe Company, and the Executive and his the Executive's spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employerthe Company.

Appears in 6 contracts

Samples: Employee Retention Agreement (Merchants Group Inc), Employee Retention Agreement (Merchants Group Inc), Employee Retention Agreement (Merchants Group Inc)

Benefits Unfunded. All rights of Executive and his spouse or other beneficiary beneficiaries under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary beneficiaries shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 5 contracts

Samples: Employment Agreement (Coventry Health Care Inc), Employment Agreement (Coventry Health Care Inc), Employment Agreement (Coventry Health Care Inc)

Benefits Unfunded. All rights of Executive and his her spouse or other beneficiary beneficiaries under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his her spouse or other beneficiary beneficiaries shall have any interest in or rights against any specific assets of Employer, and Executive and his her spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 3 contracts

Samples: Employment Agreement (Coventry Health Care Inc), Employment Agreement (Coventry Health Care Inc), Employment Agreement (Coventry Health Care Inc)

Benefits Unfunded. All rights of the Executive and his spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of the Employer for payment of any amounts due hereunder. Neither the Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets asset of Employer, the Employer and the Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of the Employer.

Appears in 2 contracts

Samples: Change in Control Employment Security (E-Z-Em, Inc.), Change in Control Employment Security Agreement (E-Z-Em, Inc.)

Benefits Unfunded. All rights of Executive and his spouse or any other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer the Executive for payment of any amounts due hereunder. Neither , and neither the Executive nor his spouse or any other beneficiary shall have any interest in or rights against any specific assets of Employerthe Company, and the Executive and his spouse or any other beneficiary shall have only the rights of a general unsecured creditor of Employerthe Company.

Appears in 2 contracts

Samples: Transition Agreement (Pultegroup Inc/Mi/), Transition Agreement (CBOE Holdings, Inc.)

Benefits Unfunded. All rights of Executive and his her spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his her spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his her spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 2 contracts

Samples: Employment Agreement (Coventry Corp), Employment Agreement (Coventry Corp)

Benefits Unfunded. All rights of Executive and his spouse or any other beneficiary under this Agreement shall at all times be entirely unfunded unfunded, and no provision shall at any time be made with respect to segregating any assets of Employer Executive for payment of any amounts due hereunder. Neither , and neither Executive nor his spouse or any other beneficiary shall have any interest in or rights against any specific assets of Employerthe Company, and Executive and his spouse or any other beneficiary shall have only the rights of a general unsecured creditor of Employerthe Company.

Appears in 2 contracts

Samples: Transition and Consulting Agreement and General Release (Thermon Group Holdings, Inc.), Transition and Consulting Agreement and General Release (Thermon Group Holdings, Inc.)

Benefits Unfunded. All rights of Executive and his spouse or ----------------- other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Corporation or Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Corporation or Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 2 contracts

Samples: Change of Control Severance Agreement (BSB Bancorp Inc), Change of Control Severance Agreement (BSB Bancorp Inc)

Benefits Unfunded. All rights of the Executive and his spouse or other beneficiary under this Agreement shall at all times be entirely unfunded unfunded, and no provision shall at any time be made with respect to segregating any assets of the Employer for payment of any amounts due hereunder. Neither the Executive nor his spouse or other beneficiary shall have any interest in or rights right against any specific assets of the Employer, and the Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of the Employer.

Appears in 1 contract

Samples: Employment Security Agreement (Building Materials Manufacturing Corp)

Benefits Unfunded. All rights of Executive and his spouse or other beneficiary under this Amendment to Employment Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 1 contract

Samples: Employment Agreement (Coventry Health Care Inc)

Benefits Unfunded. All rights of Executive and his spouse or other ----------------- beneficiary under this Agreement shall at all times be entirely unfunded unfunded, and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary shall have only the -the rights of a general unsecured creditor of Employer.

Appears in 1 contract

Samples: Employment Security Agreement (Pinnacle Financial Corp)

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Benefits Unfunded. All Except as required by law, all rights of Executive and his her spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his her spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his her spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 1 contract

Samples: Employment Agreement (Coventry Health Care Inc)

Benefits Unfunded. All rights of Executive and his spouse or any other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer Executive for payment of any amounts due hereunder. Neither , and neither Executive nor his spouse or any other beneficiary shall have any interest in or rights against any specific assets of Employerthe Company, and Executive and his spouse or any other beneficiary shall have only the rights of a general unsecured creditor of Employerthe Company.

Appears in 1 contract

Samples: Transition Agreement (Yum China Holdings, Inc.)

Benefits Unfunded. All rights of Executive and his spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.due

Appears in 1 contract

Samples: Employment Security Agreement (Newell Rubbermaid Inc)

Benefits Unfunded. All rights of the Executive and his spouse or any other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer the Executive for payment of any amounts due hereunder. Neither , and neither the Executive nor his spouse or any other beneficiary shall have any interest in or rights against any specific assets of Employerthe Company, and the Executive and his spouse or any other beneficiary shall have only the rights of a general unsecured creditor of Employerthe Company.

Appears in 1 contract

Samples: Transition Agreement (Davita Inc.)

Benefits Unfunded. All Except as otherwise provided in Sections 13 and 15, all rights under the Agreement of Executive and his spouse or other beneficiary under this Agreement Beneficiary, shall at all times be entirely unfunded unfunded, and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary Beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary Beneficiary shall have only the rights of a general unsecured creditor of Employer.

Appears in 1 contract

Samples: Employment Security Agreement (Wisconsin Central Transportation Corp)

Benefits Unfunded. All rights of Executive and his spouse or any other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer Executive for payment of any amounts due hereunder. Neither , and neither Executive nor his spouse or any other beneficiary shall have any interest in or rights against any specific assets of EmployerSBH, and Executive and his spouse or any other beneficiary shall have only the rights of a general unsecured creditor of EmployerSBH.

Appears in 1 contract

Samples: Transition Agreement (Sally Beauty Holdings, Inc.)

Benefits Unfunded. All rights of Executive and his spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.or

Appears in 1 contract

Samples: Employment Agreement (Coventry Corp)

Benefits Unfunded. All rights of the Executive and his spouse or other beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of the Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets Page 9 of Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.13

Appears in 1 contract

Samples: E-Z-Em, Inc.

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