Common use of RESTRICTIONS ON FUNDING Clause in Contracts

RESTRICTIONS ON FUNDING. Except as set forth in Section 3.6, the Company shall have no obligation to set aside, earmark, or entrust any specific fund or money with which to pay its obligations under this Agreement. The Company reserves the absolute right at its sole discretion to either fund the obligations undertaken by this Agreement or to refrain from funding the same and determine the extent, nature, and method of such funding.

Appears in 2 contracts

Samples: Retirement Plan Agreement (Sb Financial Group, Inc.), Supplemental Executive Retirement Plan Agreement (Sb Financial Group, Inc.)

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RESTRICTIONS ON FUNDING. Except as set forth in Section 3.6, the 14. The Company shall have no obligation to set aside, earmark, or entrust any specific fund or money with which to pay its obligations obligation under this Agreement. The Company reserves the absolute right at its sole discretion to either fund the obligations undertaken by this Agreement or to refrain from funding the same and determine the extent, nature, and method of such funding.

Appears in 1 contract

Samples: Continuation Agreement (Rurban Financial Corp)

RESTRICTIONS ON FUNDING. Except as set forth in Section 3.6, the Company shall have no obligation obligations to set aside, earmark, or entrust any specific fund or money with which to pay its obligations obligation under this Agreement. The Company reserves the absolute right at its sole discretion to either fund the obligations undertaken by this Agreement or to refrain from funding the same and determine the extent, nature, and method of such funding.

Appears in 1 contract

Samples: Retirement Plan Agreement (Sb Financial Group, Inc.)

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RESTRICTIONS ON FUNDING. Except as set forth in Section 3.6, the The Company shall have no obligation to set aside, earmark, or entrust any specific fund or money with which to pay its obligations obligation under this Agreement. The Company reserves the absolute right at its sole discretion to either fund the obligations undertaken by this Agreement or to refrain from funding the same and determine the extent, nature, and method of such funding.

Appears in 1 contract

Samples: Executive Retirement Plan Agreement (Sb Financial Group, Inc.)

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