Common use of Corporate Assets Clause in Contracts

Corporate Assets. No provision in this Agreement, or any action taken pursuant to its provisions by either party, shall create, or be construed to create, a trust of any kind, or a fiduciary relationship between the Company and the Employee, his/her designated beneficiary, other beneficiaries of Employee, or any other person. The payments to Employee, his/her designated beneficiary, or any other beneficiary shall be made from assets which shall continue to be a part of the general assets of the Company. No person shall have, by virtue of the provisions of this Agreement, any interest in the Company’s assets. To the extent that any person acquires a right to receive payments or benefits from the Company under this Agreement, the right shall be no greater than the right of any unsecured general creditor of the Company.

Corporate Assets. No provision in this Agreement, or any action taken ---------------- pursuant to its provisions by either party, shall create, or be construed to create, a trust of any kind, or a fiduciary relationship between the Company and the Employee, his/her designated beneficiary, other beneficiaries of Employee, or any other person. The payments to Employee, his/her designated beneficiary, or any other beneficiary shall be made from assets which shall continue to be a part of the general assets of the Company. No person shall have, by virtue of the provisions of this Agreement, any interest in the Company’s 's assets. To the extent that any person acquires a right to receive payments or benefits from the Company under this Agreement, the right shall be no greater than the right of any unsecured general creditor of the Company.

Corporate Assets. No provision in this Agreement, or any action taken pursuant to its provisions by either party, shall create, or be construed to create, a trust of any kind, or a fiduciary relationship between the Company and the Employee, his/her designated beneficiary, other beneficiaries of Employee, or any other person. The payments to Employee, his/her designated beneficiary, or any other beneficiary shall be made from assets which shall continue to be a part of the general assets of the Company. No person shall have, by virtue of the provisions of this Agreement, any interest in the Company’s 's assets. To the extent that any person acquires a right to receive payments or benefits from the Company under this Agreement, the right shall be no greater than the right of any unsecured general creditor of the Company.

Corporate Assets. No provision in this Agreement, or any action taken pursuant to its provisions by either party, shall create, or be construed to create, a trust of any kind, or a fiduciary relationship between the Company and the Employee, his/her his designated beneficiary, other beneficiaries of Employee, or any other person. The payments to Employee, his/her his designated beneficiary, or any other beneficiary shall be made from assets which shall continue to be a part of the general assets of the Company. No person shall have, by virtue of the provisions of this Agreement, any interest in the Company’s 's assets. To the extent that any person acquires a right to receive payments or benefits from the Company under this Agreement, the right shall be no greater than the right of any unsecured general creditor of the Company.