Common use of Unfunded; Executive’s Rights Unsecured Clause in Contracts

Unfunded; Executive’s Rights Unsecured. The Company shall not be required to establish any special or separate fund or make any other segregation of funds or assets to assure the payment of any benefit hereunder. The right of the Executive to receive the benefits provided for herein shall be an unsecured obligation against the general assets of the Company.

Appears in 9 contracts

Samples: Amended and Restated Severance Agreement (Ecovyst Inc.), Severance Agreement (Ecovyst Inc.), Severance Agreement (Ecovyst Inc.)

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