Use of Funds Clause Example from Business Contracts

This example Use of Funds clause appears in 5 contracts from 4 companies

Use of Funds. The Company may use all Contributions received or held by it under the Plan for any corporate purpose, and the Company will not be obligated to segregate such Contributions except under Offerings or for Participants in the Non-423 Component for which Applicable Laws require that Contributions to the Plan by Participants be segregated from the Company's general corporate funds and/or deposited with an independent third party. Until shares of Common Stock are issued, Participants will have only th...e rights of an unsecured creditor with respect to such shares. 18. Reports. Individual accounts will be maintained for each Participant in the Plan. Statements of account will be given to participating Eligible Employees at least annually, which statements will set forth the amounts of Contributions, the Purchase Price, the number of shares of Common Stock purchased and the remaining cash balance, if any. View More
Found in Acutus Medical, Inc. contract
Alector, Inc. Contracts

2019 Employee Stock Purchase Plan, to be in effect upon the completion of this offering (Filed With SEC on January 7, 2019)

Acutus Medical, Inc. Contracts

2020 Employee Stock Purchase Plan, to be in effect upon the completion of this offering (Filed With SEC on July 15, 2020)

2020 Employee Stock Purchase Plan, to be in effect upon the completion of this offering (Filed With SEC on July 30, 2020)

RxSight, Inc. Contracts

2021 Employee Stock Purchase Plan, to be in effect upon the completion of this offering (Filed With SEC on July 26, 2021)

Thorne Healthtech, Inc. Contracts

2021 Employee Stock Purchase Plan and forms of agreements thereunder, to be in effect upon the completion of this offering (Filed With SEC on September 13, 2021)