Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the Company. The Company shall have no obligation to establish any fund or to set aside any assets to provide benefits under this Agreement.
Appears in 109 contracts
Samples: Sempra Energy Severance Pay Agreement (San Diego Gas & Electric Co), Sempra Energy Severance Pay Agreement (Sempra Energy), Separation Agreement and General Release (Southern California Gas Co)
Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the CompanyCompany and its Affiliates. The Company shall have no obligation to establish any fund or to set aside any assets to provide benefits under this Agreement. With respect to all payment and performance obligations of the Company under this Agreement, the term the “Company” shall include all of its Affiliates.
Appears in 16 contracts
Samples: Separation Pay Agreement (Wright Medical Group N.V.), Separation Pay Agreement (Wright Medical Group N.V.), Separation Pay Agreement (Wright Medical Group N.V.)
Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the CompanyCompany and its Affiliates. The Company shall have no obligation to establish any fund or to set aside any assets to provide benefits under this Agreement.. With respect to all payment and performance obligations of the Company under this Agreement, the term the “Company” shall include all of its Affiliates. Xxxxxx Medical Group, Inc. Separation Pay Agreement Page 21
Appears in 1 contract
Samples: Separation Pay Agreement (Wright Medical Group N.V.)
Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this the Agreement shall be paid from the general assets of the CompanyCompanies. The Company Companies shall have no obligation to establish any fund or to set aside any assets to provide benefits under the Agreement. The foregoing notwithstanding, all compensation and benefits due to, and other rights of, Employee under this AgreementAgreement shall be treated as allowed administrative expenses under section 503 of the Bankruptcy Code in the Companies' cases under chapter 11 of the Bankruptcy Code.
Appears in 1 contract
Unfunded Obligation. The obligations under this Agreement shall be unfunded. Benefits payable under this Agreement shall be paid from the general assets of the Company. The Company shall have no obligation to establish any fund or to set aside any assets to provide benefits under this Agreement.. (c)
Appears in 1 contract
Samples: Sempra Energy Severance Pay Agreement This Agreement (Sempra Energy)
