Limitation of Implied Rights. Neither the Executive nor any other person shall, by reason of the establishment of the Stock Account, or by reason of the allocation of Share Units to that account, acquire any right in or title to any assets, funds or property of the Company whatsoever prior to the date of distribution with respect to the Stock Account. The Executive shall have only a contractual right to the cash distributable under this Agreement, unsecured by any assets of the Company. Nothing contained in this Agreement shall constitute a guarantee by the Company that the assets of the Company shall be sufficient to provide any benefits specified under this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Zenith Electronics Corp), Employment Agreement (Zenith Electronics Corp)