Source of Benefits. A. All benefits payable pursuant to this Agreement shall be paid from the general assets of the Bank and the Bank shall be under no obligation to segregate any of its assets in connection with the Agreement benefits nor to fund or otherwise secure its obligation to pay such benefits.
Appears in 12 contracts
Samples: Director Retirement Agreement (Community Valley Bancorp), Bank Director Retirement Agreement (Community Valley Bancorp), Deferred Fee Agreement (Community Valley Bancorp)
Source of Benefits. A. All benefits payable pursuant to this Agreement shall be paid from the general assets of the Bank. The Bank and the Bank shall be under no obligation is not obligated to segregate any of its assets in connection with the Agreement benefits benefits, nor to fund or otherwise secure its obligation to pay such benefits.
Appears in 1 contract
Samples: Salary Continuation Agreement (Community Valley Bancorp)
