Common use of SOURCE OF PAYMENTS Clause in Contracts

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 80 contracts

Samples: Employment Agreement, Employment Agreement (Waste Management Inc), Employment Agreement (Waste Management Inc)

AutoNDA by SimpleDocs

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 48 contracts

Samples: Employment Agreement (Dycom Industries Inc), Employment Agreement (Dycom Industries Inc), Employment Agreement (Jetblue Airways Corp)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan or agreement which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 41 contracts

Samples: Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.), Employment Agreement (Northern Oil & Gas, Inc.)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. Executive The Employee shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 13 contracts

Samples: Employment Agreement (Dycom Industries Inc), Employment Agreement (Imax Corp), Employment Agreement (SWK Holdings Corp)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive Employee shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 11 contracts

Samples: Employment Agreement (Waste Management Inc), Employment Agreement (Biomoda Inc/Nm), Employment Agreement (Biomoda Inc/Nm)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds assets of the Company, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 7 contracts

Samples: Employment Agreement (United Homes Group, Inc.), Employment Agreement (United Homes Group, Inc.), Employment Agreement (United Homes Group, Inc.)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the CompanyCompany Group, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company Group may make to aid the Company Group in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company Group hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 6 contracts

Samples: Employment Agreement (Microvast Holdings, Inc.), Employment Agreement (Microvast Holdings, Inc.), Employment Agreement (Microvast Holdings, Inc.)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunderunder this Agreement. To the extent that any person acquires a right to receive payments from the Company hereunderunder this Agreement, such right shall be no greater than the right of an unsecured creditor of the CompanyCompany and its affiliates.

Appears in 5 contracts

Samples: Employment Agreement (Ogden Corp), Employment Agreement (Covanta Energy Corp), Employment Agreement (Ogden Corp)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 5 contracts

Samples: Employment Agreement (American Axle & Manufacturing Holdings Inc), Amended and Restated (American Axle & Manufacturing Holdings Inc), Amended and Restated (American Axle & Manufacturing Holdings Inc)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan or agreement which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person Person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 5 contracts

Samples: Employment Agreement (Actuate Therapeutics, Inc.), Employment Agreement (Actuate Therapeutics, Inc.), Employment Agreement (Actuate Therapeutics, Inc.)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds assets of the CompanyCompany or its affiliates, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 3 contracts

Samples: Employment Agreement (Griffin Capital Essential Asset REIT, Inc.), Form of Employment Agreement (Griffin Capital Essential Asset REIT, Inc.), Employment Agreement (Griffin Capital Essential Asset REIT, Inc.)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets shall be made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which that the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 3 contracts

Samples: Employment Agreement (SafeNet Holding Corp), Employment Agreement (SafeNet Holding Corp), Employment Agreement (SafeNet Holding Corp)

AutoNDA by SimpleDocs

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company it in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 2 contracts

Samples: Retention Agreement (Panamsat Corp /New/), Retention Agreement (Panamsat Corp /New/)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive You shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company it in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 1 contract

Samples: Employment Agreement (Sun Healthcare Group Inc)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.any

Appears in 1 contract

Samples: Employment Agreement (Waste Management Inc)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a benefit plan which provides may provide otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. The Executive shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunderNothing contained in this Agreement, such right shall be and no greater than the right of an unsecured creditor of the Company.action taken

Appears in 1 contract

Samples: Agreement (American National Can Group Inc)

SOURCE OF PAYMENTS. All payments provided under this Agreement, Agreement (other than payments made pursuant to a plan which provides otherwise, otherwise or as otherwise expressly provided hereunder) shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive shall will have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company it in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 1 contract

Samples: Retirement and Employment Agreement (Mpower Communications Corp)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid in cash from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, shall be made to assure payment. The Executive shall have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunder. To the extent that any person acquires a right to receive payments from the Company hereunder, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 1 contract

Samples: Employment Agreement (Vemanti Group, Inc.)

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, shall be paid from the general funds of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive shall have no right, title or interest whatever in or to any investments which the Company may make to aid the Company in meeting its obligations hereunderunder this Agreement. To the extent that any person acquires a right to receive payments from the Company hereunderunder this Agreement, such right shall be no greater than the right of an unsecured creditor of the Company.

Appears in 1 contract

Samples: Employment Agreement (Fastnet Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.