Common use of General Creditor Status Clause in Contracts

General Creditor Status. The amounts to which you may become entitled hereunder shall be paid, when due, from the general assets of the Company, and no trust fund, escrow arrangements, or other segregated account shall be established as a funding vehicle for such payment. Accordingly, your right (or the right of the executors or administrators of your estate) to receive such benefits shall at all times be that of a general creditor of the Company and shall have no priority over the claims of other general creditors.

General Creditor Status. The amounts payments and benefits to which you may ----------------------- become entitled hereunder shall be paid, when due, from the general assets of the Company, and no trust fund, escrow arrangements, arrangement or other segregated account shall be established as a funding vehicle for such paymentpayments. Accordingly, your right (or the right of the executors personal representatives or administrators beneficiaries of your estate) to receive such any payments or benefits hereunder shall at all times be that of a general creditor of the Company and shall have no priority over the claims of other general creditors.