Funding of the Plan. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of any Award under the Plan or this Agreement, and payment of Awards shall be subordinate to the claims of the Company’s general creditors.
Appears in 5 contracts
Sources: Incentive Stock Option Agreement, Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Altair Engineering Inc.)
Funding of the Plan. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of any Award Grants under the Plan or this Agreement, and payment of Awards shall be subordinate to the claims of the Company’s general creditorsPlan.
Appears in 2 contracts
Sources: Business Combination Agreement (Forbion European Acquisition Corp.), Merger Agreement (Roman DBDR Tech Acquisition Corp.)
Funding of the Plan. The This Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of any Award Awards under the Plan this Plan. In no event shall interest be paid or this Agreement, and payment of Awards shall be subordinate to the claims of the Company’s general creditorsaccrued on any Award.
Appears in 1 contract
Sources: Phantom Profits Interests Plan Award Agreement (Bioventus Inc.)
Funding of the Plan. The This Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of any Award grants under the Plan this Plan. In no event shall interest be paid or this Agreementaccrued on any grant, and payment including unpaid installments of Awards shall be subordinate to the claims of the Company’s general creditorsgrants.
Appears in 1 contract