Limitation on Obligations. The Company’s obligation with respect to the PRSUs granted hereunder is limited solely to the delivery to the Colleague of Shares within the period when such Shares are due to be delivered hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The PRSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or his designated entities) or in the certificates themselves.
Appears in 5 contracts
Samples: Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC)
Limitation on Obligations. The Company’s obligation with respect to the PRSUs RSUs granted hereunder is limited solely to the delivery issuance to the Colleague of Shares within the period when such Shares are due to be delivered issued hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The PRSUs RSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or his their designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or his their designated entities) or in the certificates themselves.
Appears in 2 contracts
Samples: Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC)
Limitation on Obligations. The Company’s obligation with respect to the PRSUs granted hereunder is limited solely to the delivery to the Colleague Associate of Shares within the period when such Shares are due to be delivered hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The PRSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague Associate for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague Associate (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague Associate (or his designated entities) or in the certificates themselves.
Appears in 2 contracts
Samples: Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Agreement (Willis Towers Watson PLC)
Limitation on Obligations. The Company’s obligation with respect to the PRSUs RSUs granted hereunder is limited solely to the delivery to the Colleague of Shares within the period when such Shares are due to be delivered hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The PRSUs RSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or his designated entities) or in the certificates themselves.
Appears in 2 contracts
Samples: Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Time Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC)
Limitation on Obligations. The Company’s obligation with respect to the PRSUs PSUs granted hereunder is limited solely to the delivery issuance to the Colleague of Shares within the period when such Shares are due to be delivered issued hereunder, and in no event shall the Company become obligated to pay cash in respect of such obligation. The PRSUs PSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague (or his their designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague (or his their designated entities) or in the certificates themselves.
Appears in 2 contracts
Samples: Performance Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC), Performance Based Restricted Share Unit Award Agreement (Willis Towers Watson PLC)
Limitation on Obligations. The Company’s obligation with respect to the PRSUs RSUs granted hereunder is limited solely to the delivery to the Colleague Executive of Shares within the period when such Shares are due to be delivered hereunder, and in no event way shall the Company become obligated to pay cash in respect of such obligation. The PRSUs RSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries or Designated Associate Companies, nor shall any assets of the Company or any of its Subsidiaries or Designated Associate Companies be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Colleague Executive for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Colleague Executive (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Colleague Executive (or his designated entities) or in the certificates themselves.. 7
Appears in 1 contract
Samples: Restricted Share Unit Award Agreement (Willis Group Holdings PLC)