Common use of Source of Payments and Benefits Clause in Contracts

Source of Payments and Benefits. All payments under this Agreement shall be made solely from the general assets of the Company (or from a grantor trust, if any, established by the Company for purposes of making payments under this Agreement and other similar agreements), and Executive shall have the rights of an unsecured general creditor of the Company with respect thereto.

Appears in 20 contracts

Samples: Severance Agreement (JOANN Inc.), Severance Agreement (JOANN Inc.), Severance Agreement (JOANN Inc.)

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