Example ContractsClausesunsecured general creditor statusVariants
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Unsecured General Creditor. The Company shall neither reserve nor specifically set aside funds for the payment of its obligations under 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.

Unsecured General Creditor. The CompanyContract Obligors shall neither reserve nor specifically set aside funds for the payment of its obligations under thethis Agreement, and such obligations shall be paid solely from the general assets of the Company.Contract Obligors. Notwithstanding that Employee may be entitled to receive paymentsthe value of his benefit under the terms and conditions of thethis Agreement, the assets from which such amountsamount may be paid shall at all times be subject to the claims of the Company’sContract Obligors’ creditors.

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