Common use of UNFUNDED AND UNSECURED Clause in Contracts

UNFUNDED AND UNSECURED. The obligations of the Company under this Agreement shall be unfunded and unsecured. With respect to any payments to which the Executive has a fixed and vested interest but that have not yet been made by the Company, nothing contained herein shall give the Executive any rights that are greater than those of a general unsecured creditor of the Company.

Appears in 4 contracts

Samples: Change in Control Agreement (Molina Healthcare Inc), Change in Control Agreement (Molina Healthcare Inc), Change in Control Agreement (Molina Healthcare Inc)

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