Source of Payment. All payments provided for under this Agreement shall be paid in cash from the general funds of Sterling. To the extent that any person acquires a right to receive payments from Sterling hereunder, such right, without prejudice to rights which employees may have, shall be no greater than the right of an unsecured creditor of Sterling.
Appears in 5 contracts
Samples: Employment Agreement (Sterling Financial Corp /Wa/), Employment Agreement (Sterling Financial Corp /Wa/), Employment Agreement (Sterling Financial Corp /Wa/)
Source of Payment. All payments provided for under this Agreement shall be paid in cash from the general funds of SterlingSterling or the Bank. To the extent that any person acquires a right to receive payments from Sterling hereunder, such right, without prejudice to rights which that employees may have, shall be no greater than the right of an unsecured creditor of Sterling.
Appears in 4 contracts
Samples: Employment Agreement (Sterling Financial Corp /Wa/), Employment Agreement (Sterling Financial Corp /Wa/), Employment Agreement (Sterling Financial Corp /Wa/)
Source of Payment. All payments provided for under this Agreement shall be paid in cash from the general funds of Sterling. To the extent that any person acquires a right to receive payments from Sterling hereunder, such right, without prejudice to rights which employees may have, shall be no greater than the right of an unsecured creditor of Sterling. 14.
Appears in 1 contract
Samples: Employment Agreement (Sterling Financial Corp /Wa/)
Source of Payment. All payments provided for under this Agreement shall be paid in cash from the general funds of SterlingSterling or the Bank. To the extent that any person acquires a right to receive payments from Sterling hereunder, such right, without prejudice to rights which employees may have, shall be no greater than the right of an unsecured creditor of Sterling.
Appears in 1 contract
Samples: Employment Agreement (Sterling Financial Corp /Wa/)
