Common use of ADMINISTRATION; UNFUNDED OBLIGATIONS Clause in Contracts

ADMINISTRATION; UNFUNDED OBLIGATIONS. The Committee shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating to the administration and interpretation of the Plan and this Agreement, and all such Committee determinations shall be final, conclusive, and binding upon the Company, any subsidiary or affiliate, you, and all interested parties. Any provision for settlement of your RSUs and other obligations hereunder shall be by means of bookkeeping entries on the books of the Company or by such other commercially reasonable means of delivery of shares or cash to you, and RSUs and related rights hereunder shall not create in you or any beneficiary, estate, or legal heirs, as applicable, any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for you or any beneficiary, estate, or legal heirs, as applicable. Until RSUs are, in fact, settled, you and any of your valid beneficiaries, estate, or legal heirs, as applicable, shall be a general creditor of the Company with respect to your RSUs.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)

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ADMINISTRATION; UNFUNDED OBLIGATIONS. The Committee shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating to the administration and interpretation of the Plan and this Agreement, and all such Committee determinations shall be final, conclusive, and binding upon the Company, any subsidiary or affiliate, you, and all interested parties. Any provision for settlement of your RSUs and other obligations hereunder shall be by means of bookkeeping entries on the books of the Company Company, or by such other commercially reasonable means of delivery of shares or cash to you, and RSUs and related rights hereunder shall not create in you or any beneficiary, estate, or legal heirs, as applicable, any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for you or any beneficiary, estate, or legal heirs, as applicable,. Until RSUs are, in fact, settled, you and any of your valid beneficiaries, estate, or legal heirs, as applicable, shall be a general creditor of the Company with respect to your RSUs.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)

ADMINISTRATION; UNFUNDED OBLIGATIONS. The Committee shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating to the administration and interpretation of the Plan and this Agreement, and all such Committee determinations shall be final, conclusive, and binding upon the Company, any subsidiary or affiliate, you, and all interested parties. Any provision for settlement of your RSUs MSUs and other obligations hereunder shall be by means of bookkeeping entries on the books of the Company Company, or by such other commercially reasonable means of delivery of shares or cash to you, and RSUs MSUs and related rights hereunder shall not create in you or any beneficiary, estate, estate or legal heirs, as applicable, any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for you or any beneficiary, estate, or legal heirs, as applicable. Until RSUs are, MSUs are in fact, fact settled, you and any of your valid beneficiaries, your estate, or legal heirs, as applicable, shall be a general creditor of the Company with respect to your RSUsMSUs.

Appears in 1 contract

Samples: Market Share Units Agreement (Bristol Myers Squibb Co)

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ADMINISTRATION; UNFUNDED OBLIGATIONS. The Committee shall have full authority and discretion, subject only to the express terms of the Plan, to decide all matters relating to the administration and interpretation of the Plan and this Agreement, and all such Committee determinations shall be final, conclusive, and binding upon the Company, any subsidiary or affiliate, you, and all interested parties. Any provision for settlement of your RSUs PSUs and other obligations hereunder shall be by means of bookkeeping entries on the books of the Company Company, or by such other commercially reasonable means of delivery of shares or cash to you, and RSUs PSUs and related rights hereunder shall not create in you or any beneficiary, estate, estate or legal heirs, as applicable, any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for you or any beneficiary, estate, or legal heirs, as applicable. Until RSUs are, PSUs are in fact, fact settled, you and any of your valid beneficiaries, your estate, or legal heirs, as applicable, shall be a general creditor of the Company with respect to your RSUsPSUs.

Appears in 1 contract

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co)

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