Employee’s Rights Unsecured. The right of the Employee or his or her beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of the Company, and neither the Employee nor his or her beneficiary shall have any rights in or against any amounts credited to the Employee’s RSU Account or any other specific assets of the Company. All amounts credited to the Employee’s RSU Account shall constitute general assets of the Company and may be disposed of by the Company at such time and for such purposes, as it may deem appropriate.
Appears in 8 contracts
Samples: Restricted Stock Unit Grant Agreement, Restricted Stock Unit Grant Agreement (Huntington Bancshares Inc/Md), Restricted Stock Unit Grant Agreement (Huntington Bancshares Inc/Md)
Employee’s Rights Unsecured. The right of the Employee or his or her beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of the Company, and neither the Employee nor his or her beneficiary shall have any rights in or against any amounts credited to the Employee’s RSU PSU Account or any other specific assets of the Company. All amounts credited to the Employee’s RSU PSU Account shall constitute general assets of the Company and may be disposed of by the Company at such time and for such purposes, as it may deem appropriate.
Appears in 6 contracts
Samples: Performance Share Unit Grant Agreement (Huntington Bancshares Inc/Md), Performance Share Unit Grant Agreement (Huntington Bancshares Inc/Md), Performance Share Unit Grant Agreement (Huntington Bancshares Inc/Md)
Employee’s Rights Unsecured. The right of the Employee or his or her beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of the Company, and neither the Employee nor his or her beneficiary shall have any rights in or against any amounts credited to the Employee’s RSU 's Restricted Stock Unit Account or any other specific assets of the Company. All amounts credited to the Employee’s RSU 's Restricted Stock Unit Account shall constitute general assets of the Company and may be disposed of by the Company at such time and for such purposes, purposes as it may deem appropriate.
Appears in 1 contract
Samples: Restricted Stock Exchange and Deferral Agreement (American Eagle Outfitters Inc)
Employee’s Rights Unsecured. The right of the Employee or his or her the Employee’s beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of the Company, and neither the Employee nor his or her the Employee’s beneficiary shall have any rights in or against any amounts credited to the Employee’s RSU Account or any other specific assets of the Company. All amounts credited to the Employee’s RSU Account shall constitute general assets of the Company and may be disposed of by the Company at such time and for such purposes, as it may deem appropriate.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Huntington Bancshares Inc /Md/)
