Common use of Award is Unfunded Clause in Contracts

Award is Unfunded. I understand that the Company has not formally funded my Award and that I am considered a general unsecured creditor of the Company with respect to my rights under the Award.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Cohu Inc), Restricted Stock Unit Award Agreement (Outdoor Channel Holdings Inc), Restricted Stock Unit Agreement (Cohu Inc)

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Award is Unfunded. I understand that the Company has not formally funded my Award award and that I am considered a general unsecured creditor of the Company with respect to my rights under the Awardaward.

Appears in 1 contract

Samples: Employment Agreement (Destination Xl Group, Inc.)

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