Creditor Status. No benefit or promise hereunder shall be secured by any specific assets of the Company. Executive shall have only the rights of an unsecured general creditor of the Company in seeking satisfaction of such benefits or promises.
Appears in 44 contracts
Sources: Employment Agreement (OXBRIDGE RE HOLDINGS LTD), Employment Agreement (OXBRIDGE RE HOLDINGS LTD), Employment Agreement (OXBRIDGE RE HOLDINGS LTD)
Creditor Status. No benefit or promise hereunder shall be secured by any specific assets of the Company. The Executive shall have only the rights of an unsecured general creditor of the Company in seeking satisfaction of such benefits or promises.
Appears in 9 contracts
Sources: Employment Agreement (Wachovia Corp New), Employment Agreement (Wachovia Corp New), Employment Agreement (Wachovia Corp New)