Source of Payments Clause Example from Business Contracts

This example Source of Payments clause appears in 4 contracts from 1 company

Source of Payments. All payments under the Plan 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. Any right of any person to receive any payment under the Plan is no greater than the right of any other general unsecured creditor of the Company. The Plan shall be binding upon the Company's successors and assigns.
Found in GSI TECHNOLOGY INC contract
GSI TECHNOLOGY INC Contracts

GSI Technology, Inc. 2020 Variable Compensation Plan (Filed With SEC on June 12, 2019)

GSI Technology, Inc. 2021 Variable Compensation Plan (Filed With SEC on June 4, 2020)

GSI Technology, Inc. 2019 Variable Compensation Plan (Filed With SEC on May 31, 2018)

GSI TECHNOLOGY, INC. 2017 VARIABLE COMPENSATION PLAN (Effective as of April 1, 2016) (Filed With SEC on July 5, 2016)