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DTV » Topics » 15. NO RIGHT, TITLE, OR INTEREST IN HUGHES ASSETS

This excerpt taken from the DTV 10-K filed Mar 1, 2005.

15. NO RIGHT, TITLE, OR INTEREST IN HUGHES ASSETS

 

A Participant shall have no right, title, or interest whatsoever in or to any assets or to any investments that the Company may make to aid it in meeting its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any Participant or any other person. To the extent that any person acquires a right to receive an Award from the Company under this Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. All Awards made hereunder shall be paid from the general assets of the Company and no special or separate fund or segregation of assets shall be required to assure payment of such amounts.

 

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