Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 8 contracts
Samples: Employment Agreement (Dominion Resources Inc /Va/), Employment Continuity Agreement (Dominion Resources Inc /Va/), Employment Agreement (Dominion Resources Inc /Va/)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement, except to the extent otherwise provided under the terms of the Plans or Welfare Plans. The Executive will for all purposes of this Agreement be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 7 contracts
Samples: Employment Continuity Agreement (Lendingtree Inc), Employment Continuity Agreement (Lendingtree Inc), Employment Continuity Agreement (Lendingtree Inc)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement, except to the extend otherwise provided under the terms of the Plans or Welfare Plans. The Executive will for all purposes of this Agreement be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 7 contracts
Samples: Employment Continuity Agreement (Lendingtree Inc), Employment Continuity Agreement (Lendingtree Inc), Employment Continuity Agreement (Lendingtree Inc)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company Company, its Affiliates or any of the assets of the Company or its assetsAffiliates. Benefits Except to the extent otherwise provided in Section 6.3 of this Agreement or under the terms of the Plans or Welfare Plans, amounts payable under the Agreement will be payable paid from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes of this Agreement be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 6 contracts
Samples: Executive Employment Continuity Agreement (Roanoke Electric Steel Corp), Employment Continuity Agreement (Roanoke Electric Steel Corp), Executive Employment Continuity Agreement (Roanoke Electric Steel Corp)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's ’s creditors.
Appears in 4 contracts
Samples: Change in Control Agreement (Cornerstone Realty Income Trust Inc), Change in Control Agreement (Cornerstone Realty Income Trust Inc), Employment Continuity Agreement (Virginia Electric & Power Co)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in1erest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 2 contracts
Samples: Employment Continuity Agreement (Virginia Electric & Power Co), Employment Continuity Agreement (Dominion Resources Inc /Va/)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the AgreementAgreement [except to the extent required pursuant to Section 5 (d)]. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 2 contracts
Samples: Employment Agreement (Virginia Electric & Power Co), Employment Agreement (Dominion Resources Inc /Va/)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company Company, its Affiliates or any of the assets of the Company or its assetsAffiliates. Benefits Except to the extent otherwise provided in Section 6.2 of this Agreement or under the terms of the Plans or Welfare Plans, amounts payable under the Agreement will be payable paid from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes of this Agreement be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 2 contracts
Samples: Employment Continuity Agreement (Commercial Metals Co), Employment Continuity Agreement (COMMERCIAL METALS Co)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.the
Appears in 1 contract
Samples: Employment Agreement (Virginia Electric & Power Co)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company Company, its Affiliates or any of the assets of the Company or its assetsAffiliates. Benefits Except to the extent otherwise provided in Section 6.2 of this Agreement or under the terms of the Plans or Welfare Plans, amounts payable under the Agreement will be payable paid from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes of this Agreement be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.11.3
Appears in 1 contract
Samples: Employment Continuity Agreement (COMMERCIAL METALS Co)
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable solely from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 1 contract
Samples: Employment Agreement (Transcommunity Bankshares Inc)
Rights Under the Agreement. The right to receive benefits under the -------------------------- Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors.
Appears in 1 contract
Rights Under the Agreement. The right to receive benefits under the Agreement will not give the Executive any proprietary interest in the Company or any of its assets. Benefits under the Agreement will be payable from the general assets of the Company, and there will be no required funding of amounts that may become payable under the Agreement. The Executive will for all purposes be a general creditor of the Company. The interest of the Executive under the Agreement cannot be assigned, anticipated, sold, encumbered or pledged and will not be subject to the claims of the Executive's creditors. 15.
Appears in 1 contract
