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This excerpt taken from the PNC 10-Q filed May 9, 2007. FUNDING The obligations of the Employer to pay benefits under this Plan shall be interpreted solely as an unfunded, but binding, contractual obligation of the Employer to pay only those amounts credited to the Participant’s Account pursuant to Article IV in the manner and under the conditions prescribed in Article V. Any assets set aside, including any assets transferred to a rabbi trust or purchased by the Employer with respect to amounts payable under the Plan, shall be subject to the claims of the Employer’s general creditors, and no person other than the Employer shall, by virtue of the provisions of the Plan, have any interest in such assets.
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