Unfunded Obligations Clause Example with 18 Variations from Business Contracts

This page contains Unfunded Obligations clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Unfunded Obligations. Grantees shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity shall be required to segregate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations.... The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or any Grantee account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity and a Grantee, or otherwise create any vested or beneficial interest in any Grantee or the Grantee's creditors in any assets of the Company or a Related Entity. The Grantees shall have no claim against the Company or any Related Entity for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan. View More Arrow

Variations of a "Unfunded Obligations" Clause from Business Contracts

Unfunded Obligations. Grantees Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the 1974. No Participating Company nor any Related Entity shall be required to segregate any monies from its 23 general funds, or to create any trusts, or establish a...ny special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company Administrator or any Related Entity Participating Company and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. any Participating Company. The Grantees Participants shall have no claim against the any Participating Company or any Related Entity for any changes in the value of any assets that which may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the 1974. No Participating Company nor any Related Entity shall be required to segregate any monies from its general funds, or to create any trusts, or establish any ...special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company Administrator or any Related Entity Participating Company and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. any Participating Company. The Grantees 17 Participants shall have no claim against the any Participating Company or any Related Entity for any changes in the value of any assets that which may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the 1974. No Participating Company nor any Related Entity shall be required to segregate any monies from its general funds, or to create any trusts, or establish any ...special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company Administrator or any Related Entity Participating Company and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. any Participating Company. The Grantees Participants shall have no claim against the any Participating Company or any Related Entity for any changes in the value of any assets that which may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees shall This Section 27 applies only to Awards that are not settled in Shares. Participants have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the this Plan shall be are unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity shall be Parent or Subsidiary are required to segre...gate any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall will retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. under this Plan. Any investments or the creation or maintenance of any trust or for any Grantee Participant account shall will not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity Parent or Subsidiary and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. Parent or Subsidiary. The Grantees shall Participants have no claim against the Company or any Related Entity Parent or Subsidiary for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the this Plan. View More Arrow
Unfunded Obligations. Grantees shall This Section 27 applies only to Awards that are not settled in Shares. Participants have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be are unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity shall be Parent or Subsidiary are required to segregate ...any monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall will retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. under this Plan. Any investments or the creation or maintenance of any trust or for any Grantee Participant account shall will not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity Parent or Subsidiary and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. Parent or Subsidiary. The Grantees shall Participants have no claim against the Company or any Related Entity Parent or Subsidiary for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees This Section 27 shall only apply to Awards that are not settled in Shares. Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, 17 including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity Parent or Subsidiary shall be required to segregate a...ny monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. under this Plan. Any investments or the creation or maintenance of any trust or for any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity Parent or Subsidiary and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. Parent or Subsidiary. The Grantees Participants shall have no claim against the Company or any Related Entity Parent or Subsidiary for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees This Section 23 shall only apply to Awards that are not settled in Shares. Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity Parent or Subsidiary shall be required to segregate any ...monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. under this Plan. Any investments or the creation or maintenance of any trust or for any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity Parent or Subsidiary and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. Parent or Subsidiary. The Grantees Participants shall have no claim against the Company or any Related Entity Parent or Subsidiary for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees This Section 27 shall only apply to Awards that are not settled in Shares. Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity Parent or Subsidiary shall be required to segregate any ...monies from its general funds, or to create any trusts, or establish any special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. under this Plan. Any investments or the creation or maintenance of any trust or for any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity Parent or Subsidiary and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. Parent or Subsidiary. The Grantees Participants shall have no claim against the Company or any Related Entity Parent or Subsidiary for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity Parent or Subsidiary shall be required to segregate any monies from its general funds, or to 21 create any trusts, or establish any... special accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. under this Plan. Any investments or the creation or maintenance of any trust or for any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity Parent or Subsidiary and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or the Grantee's Participant's creditors in any assets of the Company or a Related Entity. Parent or Subsidiary. The Grantees Participants shall have no claim against the Company or any Related Entity Parent or Subsidiary for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan. View More Arrow
Unfunded Obligations. Grantees Participants shall have the status of general unsecured creditors of the Company. Any amounts payable to Grantees Participants pursuant to the Plan shall be unfunded and unsecured obligations for all purposes, including, without limitation, Title I of the Employee Retirement Income Security Act of 1974, as amended. Neither the Company nor any Related Entity Parent or Subsidiary shall be required to segregate any monies from its general funds, or to create any trusts, or establish any sp...ecial accounts with respect to such obligations. The Company shall retain at all times beneficial ownership of any investments, including trust investments, which the Company may make to fulfill its payment obligations hereunder. Any investments or the creation or maintenance of any trust or any Grantee Participant account shall not create or constitute a trust or fiduciary relationship between the Administrator, the Company or any Related Entity Parent or Subsidiary and a Grantee, Participant, or otherwise create any vested or beneficial interest in any Grantee Participant or E-12 the Grantee's Participant's creditors in any assets of the Company or a Related Entity. Parent or Subsidiary. The Grantees Participants shall have no claim against the Company or any Related Entity Parent or Subsidiary for any changes in the value of any assets that may be invested or reinvested by the Company with respect to the Plan. View More Arrow