Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company.
Appears in 33 contracts
Samples: Employment Agreement (Dollar General Corp), Employment Agreement (Dollar General Corp), Employment Agreement (Dollar General Corp)
Unsecured General Creditor. The Company shall neither reserve nor specifically specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company.
Appears in 18 contracts
Samples: Employment Agreement (Dollar General Corp), Employment Agreement (Dollar General Corp), Employment Agreement (Dollar General Corp)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive the value of his benefit under the terms and conditions of this Agreement, the assets from which such amount may be paid shall at all times be subject to the claims of the Company's creditors.
Appears in 13 contracts
Samples: Consulting Agreement (Gulf Power Co), Release and Restrictive Covenant Agreement (Southern Co), Separation Agreement (Georgia Power Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this the Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive payments under the terms and conditions of the Agreement, the assets from which such amounts may be paid shall at all times be subject to the claims of the Company's creditors.
Appears in 5 contracts
Samples: Performance Award Agreement (Alabama Power Co), Retention and Restricted Stock Unit Award Agreement (Southern Power Co), Retention Award Agreement (Southern Power Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this the Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive payments under the terms and conditions of the Agreement, the assets from which such amounts may be paid shall at all times be subject to the claims of the Company’s creditors.
Appears in 3 contracts
Samples: Performance Stock Unit Award Agreement (Southern Co), Retention and Restricted Stock Unit Award Agreement (Southern Power Co), Restricted Stock Unit Award Agreement (Southern Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically speci-fically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company.
Appears in 2 contracts
Samples: Employment Agreement (Dollar General Corp), Employment Agreement (Dollar General Corp)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive payments under the terms and conditions of this Agreement, the assets from which such amounts may be paid shall at all times be subject to the claims of the Company's creditors.
Appears in 2 contracts
Samples: Retention Agreement (Southern Power Co), Retention and Restricted Stock Unit Award Agreement (Southern Power Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive the value of his benefit under the terms and conditions of this Agreement, the assets from which such amounts may be paid shall at all times be subject to the claims of the Company's creditors.
Appears in 2 contracts
Samples: Deferred Compensation Agreement (Gulf Power Co), Deferred Compensation Agreement (Gulf Power Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive the value of his Account under the terms and conditions of this Agreement, the assets from which such amount may be paid shall at all times be subject to the claims of the Company's creditors. 15.
Appears in 1 contract
Samples: Consulting Agreement (Savannah Electric & Power Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of the its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company.
Appears in 1 contract
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company.
Appears in 1 contract
Samples: Employment Agreement (Southern Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Mr. Xxxxxxxx xxx be entitled to receive the value of his benefit under the terms and conditions of this Agreement, the assets from which such amount may be paid shall at all times be subject to the claims of the Company's creditors.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Southern Energy Inc)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive payments under the terms and conditions of this Agreement, the assets from which such amounts may be paid shall at all times be subject to the claims of the Company’s creditors.
Appears in 1 contract
Samples: Compensation and Retention Agreement (Alabama Power Co)
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this 13 <PAGE> Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive the value of his benefit under the terms and conditions of this Agreement, the assets from which such amount may be paid shall at all times be subject to the claims of the Company's creditors. 19.
Appears in 1 contract
Samples: Separation Agreement
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Employee may be entitled to receive the value of his benefit under the terms and conditions of this Agreement, the assets from which such amount may be paid shall at all times be subject to the claims of the Company's creditors. 19.
Appears in 1 contract
Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company. Notwithstanding that Ms. Xxxxxx xxx be entitled to receive the value of her benefit under the terms and conditions of this Agreement, the assets from which such amount may be paid shall at all times be subject to the claims of the Company's creditors.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Southern Energy Inc)
