Use of Funds Clause Example from Business Contracts

This example Use of Funds clause appears in 3 contracts from 1 company

Use of Funds. All payroll deductions received or held by the Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. Until shares of Common Stock are issued, Participants shall only have the rights of an unsecured creditor with respect to such shares.
Found in QUICKLOGIC CORPORATION contract
QUICKLOGIC CORPORATION Contracts

QUICKLOGIC CORPORATION 2009 EMPLOYEE STOCK PURCHASE PLAN (As Amended on April 22, 2020) (Filed With SEC on April 24, 2020)

1 QUICKLOGIC CORPORATION 2009 EMPLOYEE STOCK PURCHASE PLAN (Filed With SEC on November 3, 2015)

QUICKLOGIC CORPORATION 2009 EMPLOYEE STOCK PURCHASE PLAN (As Amended on February 1, 2017) (Filed With SEC on May 11, 2017)