Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and his Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 ’s life is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Under this Agreement, the Executive and the Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay 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 is a general asset of the Bank to which the Executive and the Beneficiary have no preferred or secured claim.

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

Unfunded Arrangement. The Executive and the Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by contractual obligation of the Bank bank to pay distribute 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 ’s life or other informal funding asset is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay such benefits. The rights 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 is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 ’s life or other informal funding asset is a general asset of the Bank to which the Executive and the Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and his Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this AgreementPlan. The benefits represent the mere promise by the Bank to pay such the benefits. The rights 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 is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay distribute 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 ’s life or other informal fund asset is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay distribute. 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 and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and the Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank Company for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank Company to pay 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 and Beneficiary have no preferred or secured claim.. COMMUNITY BANK OF TRI-COUNTY Salary Continuation Agreement

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 ’s life is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) are general unsecured -------------------- creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay 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 and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Company and the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Company and the Bank to pay 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 Company or the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 life, which the Bank may purchase in its sole discretion and at its cost, is a general asset of the Bank bank to which the Executive and Beneficiary beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank to 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 ’s life is a general asset of the Bank to which the Executive and Beneficiary beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and his Beneficiary (and any other parties with rights under this Agreement) are general unsecured creditors of the Bank for the payment of benefits under this AgreementPlan. The benefits represent the mere promise by the Bank to pay such the benefits. The rights Rights to benefits are not subject in any manner to anticipationaticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive's life is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim.

Unfunded Arrangement. The Executive and Beneficiary (and any other parties with rights under this Agreement) beneficiary are general unsecured creditors of the Bank for the payment distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to pay 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 and Beneficiary the Executive’s beneficiary have no preferred or secured claim.