SUCH OTHER ARRANGEMENT.
(J)
NO EMPLOYMENT OR SERVICE CONTRACT.
NOTHING IN THIS AGREEMENT IS INTENDED TO PROVIDE THE EXECUTIVE WITH ANY RIGHT TO
CONTINUE IN THE EMPLOY OF THE COMPANY FOR ANY PERIOD OF SPECIFIC DURATION OR
INTERFERE WITH OR OTHERWISE RESTRICT IN ANY WAY THE EXECUTIVE'S RIGHTS OR THE
RIGHTS OF THE COMPANY.
(K)
PAYMENT; ASSIGNMENT. BENEFITS PAYABLE UNDER
THIS AGREEMENT WILL BE PAID ONLY FROM THE GENERAL ASSETS OF THE COMPANY. NO
PERSON HAS ANY RIGHT TO OR INTEREST IN ANY SPECIFIC ASSETS OF THE COMPANY BY
REASON OF THIS AGREEMENT. TO THE EXTENT BENEFITS UNDER THIS AGREEMENT ARE NOT
PAID WHEN DUE TO ANY INDIVIDUAL, HE OR SHE IS A GENERAL UNSECURED CREDITOR OF
THE COMPANY WITH RESPECT TO ANY AMOUNTS DUE. BENEFITS PAYABLE PURSUANT TO THIS
AGREEMENT AND THE RIGHT TO RECEIVE FUTURE BENEFITS MAY NOT BE ANTICIPATED,
ALIENATED, SOLD, TRANSFERRED, ASSIGNED, PLEDGED, ENCUMBERED OR SUBJECT TO ANY
CHARGE.
(L)
LATE PAYMENTS. BENEFITS NOT PAID UNDER
THIS AGREEMENT WHEN DUE WILL ACCRUE INTEREST AT THE RATE OF 10% PER YEAR OR THE
MAXIMUM RATE PERMITTED UNDER APPLICABLE LAW.
(M)
SURVIVAL. THE RESPECTIVE OBLIGATIONS OF, AND
BENEFITS AFFORDED TO, THE COMPANY AND THE EXECUTIVE WHICH BY THEIR EXPRESS TERMS
OR CLEAR INTENT SURVIVE TERMINATION OF THE EXECUTIVE'S EMPLOYMENT WITH THE
COMPANY OR TERMINATION OF THIS AGREEMENT, AS THE CASE MAY BE, WILL SURVIVE
TERMINATION OF THE EXECUTIVE'S EMPLOYMENT WITH THE COMPANY OR TERMINATION OF
THIS AGREEMENT, AS THE CASE MAY BE, AND WILL REMAIN IN FULL FORCE AND EFFECT
ACCORDING TO THEIR TERMS.
(N)
AMENDMENTS; WAIVERS. NO PROVISION OF THIS
AGREEMENT MAY BE MODIFIED, WAIVED OR DISCHARGED UNLESS SUCH MODIFICATION, WAIVER
OR DISCHARGE IS AGREED TO IN A WRITING SIGNED BY THE EXECUTIVE AND A DULY
AUTHORIZED OFFICER OF THE PARENT CORPORATION. NO WAIVER BY ANY PARTY TO THIS
AGREEMENT AT ANY TIME OF ANY BREACH BY ANOTHER PARTY TO THIS
8
AGREEMENT OF, OR OF COMPLIANCE WITH ANY CONDITION OR PROVISION OF THIS AGREEMENT
TO BE PERFORMED BY SUCH PARTY WILL BE DEEMED A WAIVER OF SIMILAR OR DISSIMILAR
PROVISIONS OR CONDITIONS AT THE SAME OR AT ANY PRIOR OR SUBSEQUENT TIME.
(O)
GOVERNING LAW. THIS AGREEMENT AND THE LEGAL
RELATIONS AMONG THE PARTIES AS TO ALL MATTERS, INCLUDING, WITHOUT LIMITATION,
MATTERS OF VALIDITY, INTERPRETATION, CONSTRUCTION, PERFORMANCE AND REMEDIES,
WILL BE GOVERNED BY AND CONSTRUED EXCLUSIVELY IN ACCORDANCE WITH THE INTERNAL
LAWS OF THE STATE OF WISCONSIN (WITHOUT REGARD TO THE CONFLICT OF LAWS
PRINCIPLES OF ANY JURISDICTION).
(P)
FURTHER ASSURANCES. THE PARTIES TO THIS
AGREEMENT AGREE TO PERFORM, OR CAUSE TO BE PERFORMED, SUCH FURTHER ACTS AND
DEEDS AND TO EXECUTE AND DELIVER OR CAUSE TO BE EXECUTED AND DELIVERED, SUCH
ADDITIONAL OR SUPPLEMENTAL DOCUMENTS OR INSTRUMENTS AS MAY BE REASONABLY
REQUIRED BY THE OTHER PARTY TO CARRY INTO EFFECT THE INTENT AND PURPOSE OF THIS
AGREEMENT.
(Q)
INTERPRETATION. THE INVALIDITY OR
UNENFORCEABILITY OF ALL OR ANY PART OF ANY PROVISION OF THIS AGREEMENT WILL NOT
AFFECT THE VALIDITY OR ENFORCEABILITY OF THE REMAINDER