Common use of Unfunded Plan Clause in Contracts

Unfunded Plan. The Plan, insofar as it provides for a Grant or an Award of Phantom Stock, is not required to be funded, and the Company shall not be required to segregate any assets that may at any time be represented by a Grant or an Award of Phantom Stock under this Plan.

Appears in 5 contracts

Samples: Hilb Rogal & Hamilton Co /Va/, Landamerica Financial Group Inc, Republic Services Inc

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Unfunded Plan. The Plan, insofar as it provides for a Grant or an Award award of Phantom Stock, is not required to be funded, and the Company shall not be required to segregate any assets that may at any time be represented by a Grant or an Award award of Phantom Stock under this Plan.

Appears in 4 contracts

Samples: Southern National Bancorp of Virginia Inc, Southern Community Financial Corp., Eagle Financial Services Inc

Unfunded Plan. The Plan, insofar as it provides for a Grant or an Award award of Phantom Stock, is not required to be funded, and the Company shall not be required to segregate any assets that may at any time be represented by a Grant or an Award of Phantom Stock under this Plan.

Appears in 3 contracts

Samples: Lawyers Title Corp, Landamerica Financial Group Inc, Landamerica Financial Group Inc

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Unfunded Plan. The Plan, insofar as it provides for a Grant or for an Award award of Phantom Stock, is not required to be funded, and the Company shall not be required to segregate any assets that may be represented at any time be represented by a Grant or by an Award award of Phantom Stock under this the Plan.

Appears in 3 contracts

Samples: Open Plan (Open Plan Systems Inc), Open Plan (Open Plan Systems Inc), Open Plan Systems Inc

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