Use of Funds Clause Example from Business Contracts

This example Use of Funds clause appears in 9 contracts from 5 companies

Use of Funds. The Company may use all payroll deductions received or held by it under the Plan for any corporate purpose, and the Company will not be obligated to segregate such payroll deductions. Until shares of Common Stock are issued, participants will only have the rights of an unsecured creditor with respect to such shares.