Source of Payments Clause Example with 14 Variations from Business Contracts

This page contains Source of Payments clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Source of Payments. All payments under the Plan will be paid from the general funds of the Company; no separate fund will be established under the Plan, and the Plan will have no assets. No right of any person to receive any payment under the Plan will be any greater than the right of any other general unsecured creditor of the Company.
Found in DoorDash Inc contract

Variations of a "Source of Payments" Clause from Business Contracts

Source of Payments. All payments under the Plan Change in Control Severance Benefits will be paid in cash from the general funds of the Company; no separate fund will be established under the Plan, and the Plan will have no assets. No right of any person to receive any payment under the Plan will be any greater than the right of any other general unsecured creditor of the Company.
Found in MCGRATH RENTCORP contract
Source of Payments. All payments under the Plan Severance Benefits will be paid in cash from the general funds of the Company; no separate fund will be established under the Plan, Plan; and the Plan will have no assets. No right of any person to receive any payment under the Plan will be any greater than the right of any other general unsecured creditor of the Company.
Found in 2 Contracts from 2 Companies
Source of Payments. All payments under the Plan Severance Benefits will be paid in cash from the general funds of the Company; no separate fund will be established under the Plan, and the Plan will have no assets. No right of any person to receive any payment under the Plan will be any greater than the right of any other general unsecured creditor of the Company.
Found in 15 Contracts from 14 Companies
Source of Payments. All payments Payment due under the Plan will be paid in cash from the general funds of the Company; no separate fund will be established under the Plan, Plan; and the Plan will have no assets. No right of any person to receive any payment under the Plan will be any greater than the right of any other general unsecured creditor of the Company.
Found in QLIK TECHNOLOGIES INC contract