Common use of Benefits Unfunded Clause in Contracts

Benefits Unfunded. (i) All rights of Employee and his spouse, dependent 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 for payment of any amounts due hereunder; (ii) neither Employee nor his spouse, dependent or any other beneficiary shall have any interest in or rights against any specific assets of Employer; and (iii) Employee and his spouse, dependent or any other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Benefits Unfunded. (i) All rights of Employee and his spouseSpouse, dependent 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 for payment of any amounts due hereunder; (ii) neither Employee nor his spouseSpouse, dependent or any other beneficiary shall have any interest in or rights against any specific assets of Employer; and (iii) Employee and his spouseSpouse, dependent or any other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Benefits Unfunded. Except as otherwise provided in paragraph (ib) All of Section 4: (1) all rights of Employee and his spouse, dependent 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 for payment of any amounts due hereunder; , and (ii2) neither Employee nor his spouse, dependent spouse or any other beneficiary shall have any interest in or rights against any specific assets of Employer; , and (iii) Employee and his spouse, dependent spouse or any other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Benefits Unfunded. Except as otherwise provided in paragraph (ib) All of Section 4; (1) all rights of Employee and his spouse, dependent 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 for payment of any amounts due hereunder; , and (ii2) neither Employee nor his spouse, dependent Spouse or any other beneficiary shall have any interest in or rights against any specific assets of Employer; , and (iii) Employee and his spouse, dependent Spouse or any other beneficiary shall have only the rights of a general unsecured creditor of Employer.

Benefits Unfunded. Except as otherwise provided in paragraph (ib) All of Section 4: (1) all rights of Employee and his spouse, dependent 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 for payment of any amounts due hereunder; , and (ii2) neither Employee nor his spouse, dependent Spouse or any other beneficiary shall have any interest in or rights against any specific assets of Employer; , and (iii) Employee and his spouse, dependent Spouse or any other beneficiary shall have only the rights of a general unsecured creditor of Employer.