Provision for Payments Sample Clauses
Provision for Payments. Employers shall have no obligation to set aside, earmark or entrust any fund or money with which to pay their obligations under this Agreement. Executive shall be and remain simply a creditor of the Employers in the same manner as any other creditor having a general claim for unpaid compensation as (if and when) his rights to receive any payment hereunder shall mature and become payable. The Employers reserve the absolute right at their sole discretion to fund the obligations undertaken by this Agreement or refrain from funding the same and to determine the extent, nature and method of any funding or funding vehicle if they elect to fund this Agreement in whole or in part. Employers reserve the absolute right, in their sole discretion, to terminate any funding arrangement or program at any time, either in whole or in part. At no time shall Executive be deemed to have any right, title or interest in or to any specified asset or assets of the Employers as a result of this Agreement.
Provision for Payments. The assets of all Company Benefit Plans that are required under applicable Law to be held in trust are in fact held in trust.
Provision for Payments. All contributions and payments to or with respect to each Company Benefit Plan have been timely made and each of the Company, JTF Holdco, Tylee Holdco and any ERISA Affiliates has made adequate provision for reserves to satisfy contributions and payments that have not been made because they are not yet due under the terms of such Company Benefit Plan or related arrangement, document or applicable Law. No Company Benefit Plan has unfunded accrued benefits that are not fully reflected in the Financial Statements.
Provision for Payments. All contributions and payments to or with respect to each Company Benefit Plan have been timely made and the applicable Acquired Company has made adequate provision for reserves to satisfy contributions and payments that have not been made because they are not yet due under the terms of such Company Benefit Plan or related arrangement, document or applicable Law. No Company Benefit Plan has unfunded accrued benefits that are not fully reflected in the Financial Statements.
Provision for Payments. Payments under this Agreement will be made by the KHA to the Contractor based on the Invoice/Expenditure Report submitted in accordance with the requirements of Section 2.6.3 of Exhibit C, Deliverable Reporting Requirements, and contingent on receipt and approval of all supporting documentation required by the KHA. Such payments will be made within twenty (20) days of the KHA's approval of the Invoice/Expenditure Report. Contractor shall be subject to penalties for failure to submit such reports in a timely manner as set forth in Section E.12. Continued failure to submit such report shall be deemed to be a material breach of the Contract and may be grounds for termination of the Contract, in the sole and exclusive discretion of the KHA.
Provision for Payments