Unfunded Plan Clause Example with 20 Variations from Business Contracts
This page contains Unfunded Plan 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 Plan. This Plan is unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common Stock or rights thereto, nor shall this Plan be construed as providing for such segregation, nor shall the Company, the Board or the Committee be ...deemed to be a trustee of any cash, Common Stock or rights thereto to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of the Company, the Board or the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement.View More
Variations of a "Unfunded Plan" Clause from Business Contracts
Unfunded Plan. This Plan is shall be unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. convenience, including bookkeeping accounts established by a third party administrator retained by the Company to administer the Plan. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common St...ock or rights thereto, nor shall for purposes of this Plan be construed as providing for such segregation, or Awards hereunder, nor shall the Company, a Subsidiary, the Board Board, or the Committee be deemed to be a trustee of any cash, Common Stock or rights thereto benefit to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, Agreement or the terms of the Award, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of Neither the Company, Company nor a Subsidiary nor the Board or nor the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement.View More
Unfunded Plan. This Plan is shall be unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. convenience, including bookkeeping accounts established by a third party administrator retained by the Company to administer the Plan. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common St...ock or rights thereto, nor shall for purposes of this Plan be construed as providing for such segregation, or Awards hereunder, nor shall the Company, Company nor the Board or nor the Committee be deemed to be a trustee of any cash, Common Stock or rights thereto to be granted benefit under this Plan. Any liability or obligation of the Company to any Participant with respect to a an Award of cash, Common Stock or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, Agreement or terms of the Award, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of Neither the Company, Company nor the Board or nor the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement.View More
Unfunded Plan. This Plan is shall be unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. convenience, including bookkeeping accounts established by a third party administrator retained by the Company to administer the Plan. The Company 15 shall not be required to segregate any assets that may at any time be represented by cash, Common... Stock or rights thereto, nor shall for purposes of this Plan be construed as providing for such segregation, or Awards hereunder, nor shall the Company, the Board or the Committee be deemed to be a trustee of any cash, Common Stock or rights thereto benefit to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, Agreement or the terms of the Award, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of Neither the Company, Company nor the Board or nor the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement.View More
Unfunded Plan. This The Plan is unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock Shares or rights thereto under this the Plan, any such accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common Stock Shares or rights thereto, nor shall this the Plan be construed as providing for such segregation, nor shall the Company, the ...Board or the Committee be deemed to be a trustee of any cash, Common Stock Shares or rights thereto to be granted under this the Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock Shares or rights thereto under this the Plan shall be based solely upon 14 any contractual obligations that may be created by this the Plan and any Award Agreement, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of the Company, the Board or the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this the Plan. With respect to this the Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this the Plan or any applicable Award Agreement. View More
Unfunded Plan. This The Plan is unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock Shares or rights thereto under this the Plan, any such accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common Stock Shares or rights thereto, nor shall this the Plan be construed as providing for such segregation, nor shall the Company, the ...Board or the Committee be deemed to be a trustee of any cash, Common Stock Shares or rights thereto to be granted under this the Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock Shares or rights thereto under this the Plan shall be based solely upon any contractual obligations that may be created by this the Plan and any Award Agreement, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of the Company, the Board or the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this the Plan. With respect to this the Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this the Plan or any applicable Award Agreement. View More
Unfunded Plan. This Insofar as it provides for Awards of cash, Common Stock or rights thereto, this Plan is will be unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock or rights thereto under this Plan, any such accounts shall will be used merely as a bookkeeping convenience. The Company shall will not be required to segregate any assets that may at any time be represented by cash, Common Stock or rights thereto, nor shall will this Pla...n be construed as providing for such segregation, nor shall will the Company, the Board or the Committee be deemed to be a trustee of any cash, Common Stock or rights thereto to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock or rights thereto under this Plan shall will be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, and no such liability or obligation of the Company shall will be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of Neither the Company, Company nor the Board or nor the Committee shall will be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement.View More
Unfunded Plan. This Plan is unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock Shares or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common Stock Shares or rights thereto, nor shall this Plan be construed as providing for such segregation, nor shall the Company, Company or the B...oard or the Committee be deemed to be a trustee of any cash, Common Stock Shares or rights thereto to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock Shares or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of the Company, Company or the Board or the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement. View More
Unfunded Plan. This Plan is unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock Shares or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common Stock Shares or rights thereto, nor shall this Plan be construed as providing for such segregation, nor shall the Company, the Board or the... Committee be deemed to be a trustee of any cash, Common Stock Shares or rights thereto to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock Shares or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of the Company, the 13 Board or the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement. View More
Unfunded Plan. This Plan is unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock Shares or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common Stock Shares or rights thereto, nor shall this Plan be construed as providing for such segregation, nor shall the Company, the Board or the... Committee be deemed to be a trustee of any cash, Common Stock 20 Shares or rights thereto to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock Shares or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of the Company, the Board or the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. With respect to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors of the Company and have no rights or claims except as otherwise provided in this Plan or any applicable Award Agreement. View More
Unfunded Plan. This Insofar as it provides for Awards of cash, Common Stock or rights thereto, this Plan is shall be unfunded. Although bookkeeping accounts may be established with respect to Participants who are entitled to cash, Common Stock or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Common Stock or rights thereto, nor shall this Plan be construed... as providing for such segregation, nor shall the Company, the Board or the Committee be deemed to be a trustee of any cash, Common Stock or rights thereto to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to an Award of cash, Common Stock or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award Agreement, Certificate, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. None of Neither the Company, Company nor the Board or nor the Committee shall be required to give any security or bond for the performance of any obligation that may be created by or under this Plan. With respect This Plan is not intended to this Plan and any Awards granted hereunder, Participants are general and unsecured creditors be subject to the Employee Retirement Income Security Act of the Company and have no rights or claims except 1974, as otherwise provided in this Plan or any applicable Award Agreement. amended. View More
