No Obligation to Fund. The agreement of the Company or Cotton States Life (or their successors) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company and Cotton States Life (and their successors), except to the extent the Company or Cotton States Life (or their successors) in its sole discretion elects in whole or in part to fund its obligation xxxxxx this Agreement pursuant to a trust arrangement or otherwise.
Appears in 4 contracts
Samples: Management Agreement (Cotton States Life Insurance Co /), Management Agreement (Cotton States Life Insurance Co /), Management Agreement (Cotton States Life Insurance Co /)
No Obligation to Fund. The agreement of the Company or Cotton States Life (or their successors) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company and or Cotton States Life (and their successors), except to the extent the Company or Cotton States Life (or their successors) in its sole discretion elects in whole or in part to fund its obligation xxxxxx this Agreement pursuant to a trust arrangement or otherwise.
Appears in 1 contract
Samples: Management Agreement (Cotton States Life Insurance Co /)
No Obligation to Fund. The agreement of the Company or Cotton States Life (or their successors) to make payments to the Executive hereunder shall represent solely the unsecured obligation of the Company and Cotton States Life (and their successors), except to the extent the Company or Cotton States Life (or their successors) in its sole discretion elects in whole or in part to fund its obligation xxxxxx sunder this Agreement pursuant to a trust x xxxxt arrangement or otherwise.
Appears in 1 contract
Samples: Management Agreement (Cotton States Life Insurance Co /)
