Unsecured Promise. This Agreement shall not be construed to create or require the Company to create a trust of any kind to fund the amounts payable hereunder. To the extent the Director or any other person acquires a right to receive payments from the Company, such right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 2 contracts
Sources: Deferred Compensation Agreement (Maine & Maritimes Corp), Deferred Compensation Agreement (Maine & Maritimes Corp)