Unfunded Status of Plan. It is intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make payment; provided, however, that, unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan.
Appears in 6 contracts
Samples: Award Agreement (Covanta Holding Corp), Award Agreement (General Growth Properties Inc), Danielson Holding Corp
Unfunded Status of Plan. It is intended that the Plan constitute be an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock Shares or make paymentpayments; provided, however, that, unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “unfunded” status of the Plan.
Appears in 4 contracts
Samples: Mastercard Inc, Term Incentive Plan (Mastercard Inc), Non Competition and Non Solicitation Agreement (Mastercard Inc)
Unfunded Status of Plan. It is presently intended that the Plan constitute an “"unfunded” " plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or make paymentpayments; provided, however, that, that unless the Committee otherwise determines, the existence of such trusts or other arrangements is consistent with the “"unfunded” " status of the Plan.
Appears in 2 contracts
Samples: Stockholders' Agreement (JCS Realty Corp), Stockholders' Agreement (JCS Realty Corp)
