Unfunded Plan. The Company's obligations under this Agreement shall be entirely unfunded until payments are made hereunder from the general assets of the Company, and no provision shall be made to segregate assets of the Company for payments to be made under this Agreement. The Executive shall have no interest in any particular assets of the Company but rather shall have only the rights of a general unsecured creditor of the Company.
Appears in 17 contracts
Samples: Agreement (Spherion Corp), Agreement (Spherion Corp), Control Agreement (Spherion Corp)
Unfunded Plan. The Company's ’s obligations under this Agreement shall be entirely unfunded until payments are made hereunder from the general assets of the Company, and no provision shall be made to segregate assets of the Company for payments to be made under this Agreement. The Executive shall have no interest in any particular assets of the Company but rather shall have only the rights of a general unsecured creditor of the Company.
Appears in 3 contracts
Samples: Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp), Change in Control Agreement (Spherion Corp)
