Funding of Benefits. Unless the Board in its discretion shall determine otherwise, the benefits payable to Xx. Xxxxxx under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Funding of Benefits. Unless the Board of Directors in its discretion determines otherwise, amounts payable to Executive under this Agreement shall not be funded in any manner and shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Funding of Benefits. Funding for any payment on behalf of Enrollees under the Plan, including but not limited to, all benefits to Enrollees in accordance with the Plan, is the sole responsibility of Employer and Trustee, and Trustee and Employer agree to accept liability for, and provide sufficient funds to satisfy, all payment to Enrollees under the Plan, including claims for reimbursement of covered expenses, if such expenses are incurred and the claim is presented for payment during the term of this Agreement.
Funding of Benefits. This Plan shall not be funded with a separate trust or escrow arrangement. All benefits shall be paid from the Xxxxx Rapids Public Schools’ general assets.
Funding of Benefits. The benefits payable to Executive under this ------------------- Agreement shall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors; provided that such benefits may be funded in accordance with the Change in Control Benefit Plan Determination Policy.
Funding of Benefits. Unless the Board of Directors in its discretion determines otherwise, the amounts payable to Mr. McCrary under the this Agreement shall not be funded in any maxxxx xxx xxall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Funding of Benefits. 227 The Company will continue to make contributions to the Chart Pension Plan to fund obligations for past service credit. 228 Neither the Company nor the Union, except under the conditions specified in Paragraph 225 of this section, shall demand any change in the Pension Plan nor shall either be requested to bargain with respect to any change in the Pension Plan, nor during the term of the Pension Plan, nor shall any modification, alteration, or amendment of said Pension Plan, be an objective of, or reason for, any strike or lockout or other exercise of economic force or threat by either the Union or the Company.
Funding of Benefits. Unless the Board of Directors in its discretion determines otherwise, the amounts payable to Mr. Ratcliffe under the this Agreement shall not be funded in any xxxxxx xxx xxall be paid by the Company out of its general assets, which assets are subject to the claims of the Company's creditors.
Funding of Benefits. Funding for any payment on behalf of the Participants under the Plan, including but not limited to, all benefits to Participants in accordance with the Plan, whether by reimbursement or participation in the Card Program, is the sole responsibility of Employer. Employer agrees to accept liability for, and provide sufficient funds to satisfy, all payments to Participants under the Plan, and all Card Transactions, including payment and reimbursement of Claims for Eligible Expenses, where such expenses are incurred and the Claim is presented for payment or reimbursement during the term of this Agreement. Administrative Agent and/or the Administrative Agent Designee reserve the right to perform an initial and/or intermittent credit review of Employer to determine Employer’s credit status. Should Employer fail to meet the criteria as established by Administrative Agent and/or the Administrative Agent Designee, in its sole discretion, Administrative Agent and/or the Admin- istrative Agent Designee may suspend Employer and Employer’s Participants’ access to the Card Plan until such time as Employer has met Administrative Agent and/or the Administrative Agent Designee criteria or has provided Administrative Agent and/or the Administrative Agent Designee with either a letter of credit or an advance deposit in an amount acceptable to Administrative Agent and/or the Administrative Agent Designee. In the event there are insufficient funds in the Plan Account to cover the payment of Card Transactions, Employer shall be assessed the Transaction Charge for each ACH returned due to insufficient funds. In addition, Administrative Agent and the Administrative Agent Designee each reserve the right to terminate access by Employer to the Card Plan by its Participants. Liability for payment of any Claim shall be the sole responsibility of Employer and in no event shall Administrative Agent or the Administrative Agent Designee be responsible for any Claims or any costs associated with Employer’s failure to meet its funding obligations under this Agreement. ADMINISTRATIVE AGENT COMPENSATION
Funding of Benefits. PNU shall not make any contributions to any grantor trust or other funding arrangement for any nonqualified deferred compensation that is considered "unfunded" for purposes of ERISA.
