Common use of Executive's Status Clause in Contracts

Executive's Status. Executive shall have the status of a general unsecured creditor of the Company, and the SERB Plan shall constitute a mere promise to make benefit payments in the future.

Appears in 6 contracts

Samples: Employment Agreement (Century Aluminum Co), Employment Agreement (Century Aluminum Co), Employment Agreement (Century Aluminum Co)

AutoNDA by SimpleDocs

Executive's Status. Executive shall have the status of a general unsecured creditor of the Company, Company and the SERB Plan shall constitute a mere promise to make benefit payments in the future.

Appears in 5 contracts

Samples: Employment Agreement (Century Aluminum Co), Employment Agreement (Century Aluminum Co), Employment Agreement (Century Aluminum Co)

Executive's Status. Executive shall have the status of a general unsecured creditor of the Company, Company and the SERB Plan shall constitute a mere promise to make benefit payments in the future.

Appears in 3 contracts

Samples: Employment Agreement (Century Aluminum Co), Employment Agreement (Century Aluminum Co), Employment Agreement (Century Aluminum Co)

AutoNDA by SimpleDocs

Executive's Status. The Executive shall have the status of a general unsecured creditor of the Company, and the SERB Plan shall constitute a mere promise to make benefit payments in the future.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!