Plan Unfunded. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the issuance of Shares or the payment of cash upon exercise or payment of any Award. Proceeds from the sale of Shares pursuant to Options or other Awards granted under the Plan shall constitute general funds of the Company.
Appears in 7 contracts
Samples: Omnibus Equity and Incentive Compensation Plan (Luther Burbank Corp), Share Purchase Agreement (BTCS Inc.), 2015 Omnibus Equity Incentive Plan (EndoChoice Holdings, Inc.)
