Common use of Unsecured General Creditor Clause in Contracts

Unsecured General Creditor. The Executive's rights are limited to the right to receive payments as provided in this Agreement and the Executive's position with respect thereto is that of a general unsecured creditor of the Bank.

Appears in 10 contracts

Samples: Salary Continuation Agreement (California Independent Bancorp), Executive Salary Continuation Agreement (Coast Bancorp), Executive Salary Continuation Agreement (California Independent Bancorp)

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Unsecured General Creditor. The Executive's rights are limited to the right to receive payments as provided in this Agreement and the Executive's position with respect thereto is that of a general unsecured creditor of the BankCorporation.

Appears in 4 contracts

Samples: Continuation Agreement (Redwood Empire Bancorp), Salary Continuation Agreement (Redwood Empire Bancorp), Salary Continuation Agreement (Redwood Empire Bancorp)

Unsecured General Creditor. The Executive's rights are limited to the right to receive payments as provided in this Agreement and the Executive's position with respect thereto is that of a general unsecured creditor of the BankEmployer.

Appears in 1 contract

Samples: Retirement and Release Agreement (Bay Area Bancshares)

Unsecured General Creditor. The Executive's rights are limited to the right to receive payments payment as provided in this Agreement and the Executive's position with respect thereto is that of a general unsecured creditor of the BankCorporation.

Appears in 1 contract

Samples: Continuation Agreement (Redwood Empire Bancorp)

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Unsecured General Creditor. The Executive's ’s rights are limited to the right to receive payments as provided in this Agreement and the Executive's ’s position with respect thereto is that of a general unsecured creditor of the Bank.

Appears in 1 contract

Samples: Executive Salary Continuation Agreement (California Independent Bancorp)

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