Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life in which the Bank is the named beneficiary or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.. PLUMAS BANK SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution payment of the benefits under this Agreement. The benefits represent the mere promise by the Bank Employer to distribute pay such benefitsbenefits under this Agreement. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the distribution payment of benefits under this Agreement. The benefits represent the mere promise by the Bank Company to distribute pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or any other informal funding asset held in connection with this Agreement is a general asset of the Bank Company to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the distribution payment of benefits under this Agreement. The benefits represent the mere promise by the Bank Company to distribute pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank Company to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. , Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the distribution payment of benefits under this Agreement. The benefits represent the mere promise by the Bank Company to distribute pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's life or any other informal funding asset held in connection with this Agreement is a general asset of the Bank Company to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution payment of benefits under this Agreement. The benefits represent the Bank’s mere promise by the Bank to distribute pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, attachment or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Employer for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank Employer to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Bank Employer to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank Company to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank Company to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor creditors of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the distribution payment of benefits under this Agreement. The benefits represent the mere promise by the Bank Company to distribute pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or any other informal funding asset held in connection with this Agreement is a general asset of the Bank Company to which the Executive has no preferred or secured claimclaim by virtue of this agreement.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank Company for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank Company to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's ’s life or other informal funding asset is a general asset of the Bank Company to which the Executive has no preferred or secured claim.

Unfunded Arrangement. The Executive is a general unsecured creditor of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life or other informal funding asset is a general asset of the Bank to which the Executive has no preferred or secured claim.