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

Sources: Employment Agreement, Employment Agreement (Waste Management Inc), Employment Agreement (Waste Management 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 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 49 contracts

Sources: 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 42 contracts

Sources: Executive Employment Agreement (Luxurban Hotels 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, Agreement 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 You 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 36 contracts

Sources: Change of Control Agreement (LKQ Corp), Change of Control Agreement (LKQ Corp), Change of Control Agreement (LKQ 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 CompanyCorporation, 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 Corporation may make to aid the Company Corporation in meeting its obligations hereunder. To the extent that any person acquires a right to receive Any payments from the Company hereunder, such right provided under this Agreement shall be no greater than the right of treated as amounts owed to an unsecured creditor of the CompanyCorporation.

Appears in 26 contracts

Sources: Employment Agreement (Jasper Therapeutics, Inc.), Employment Agreement (Jasper Therapeutics, Inc.), Employment Agreement (Jasper 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 of the Company, and no special or separate fund shall be established, and no other segregation of assets made, to assure payment. Executive shall You 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 14 contracts

Sources: Retention Agreement (Dollar Tree Inc), Retention Agreement (Dollar Tree Inc), Retention Agreement (Dollar Tree 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

Sources: 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 12 contracts

Sources: Employment Agreement (bioAffinity Technologies, Inc.), Employment Agreement (Waste Management Inc), 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 11 contracts

Sources: Executive Employment Agreement (Blue Gold LTD), Executive Employment Agreement (Blue Gold LTD), 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 Company, and no special or separate fund shall be established, and no other segregation of assets shall be 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 11 contracts

Sources: Employment Agreement (Intapp, Inc.), Transition and Advisory Agreement (Intapp, Inc.), Employment Agreement (Intapp, 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 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 8 contracts

Sources: Employment Agreement (Ceres, Inc.), Employment Agreement (Ceres, Inc.), Employment Agreement (Ceres, 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 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

Sources: Employment Agreement (American Axle & Manufacturing Holdings Inc), Employment Agreement (American Axle & Manufacturing Holdings Inc), Employment Agreement (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

Sources: 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 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

Sources: Employment Agreement (Ogden Corp), Employment Agreement (Ogden 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 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

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

SOURCE OF PAYMENTS. All payments provided under this Agreement, other than payments made pursuant to a plan which provides otherwise, Agreement shall be paid in cash from the general funds of the Company, Company and no special or separate fund shall be established, established and no other segregation of assets made, shall be made to assure payment. Executive shall have no right, title or interest whatever in or to any investments investment which the Company may make to aid the Company in meeting its obligations hereunder. Nothing contained in this Agreement and no action taken pursuant to its provisions shall create or be construed to create a trust of any kind or a fiduciary relationship between the Company and Executive or any other person. 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

Sources: Employment Agreement (Cotter & Co), Employment Agreement (Cotter & Co), Employment Agreement (Cotter & Co)

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

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

SOURCE OF PAYMENTS. All payments provided for 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 2 contracts

Sources: Executive Employment Agreement (ADC Therapeutics SA), Executive Employment Agreement (ADC Therapeutics SA)

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

Sources: Employment Agreement (Fastnet Corp)

SOURCE OF PAYMENTS. All payments provided for 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.meeting

Appears in 1 contract

Sources: Executive Employment Agreement (ADC Therapeutics SA)

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.to

Appears in 1 contract

Sources: Employment Agreement (Dycom Industries Inc)

SOURCE OF PAYMENTS. All payments provided under this Agreement, Agreement (other than payments made pursuant to a plan which provides otherwiseotherwise 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

Sources: Employment Agreement (Olympic Entertainment Group Inc /Nv/)

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

Sources: 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, to assure payment. Executive shall You will have no right, title or interest whatever whatsoever in or to any investments which the Company may make to aid the Company it is meeting in meeting its obligations hereunder. To the extent that any person acquires acquire 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

Sources: Employment Agreement (New Millennium Media International 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 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

Sources: 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 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

Sources: 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 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 You 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

Sources: Retention Agreement (Kollmorgen Corp)

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

Sources: Executive Agreement (American National Can Group Inc)