Common use of Limitation on Participant’s Rights Clause in Contracts

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreement.

Appears in 14 contracts

Samples: Employment Agreement (Oscar Health, Inc.), Restricted Stock Unit Agreement (Cleanspark, Inc.), Restricted Stock Unit Agreement (Claros Mortgage Trust, Inc.)

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Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares Common Stock as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Calix, Inc), Restricted Stock Unit Award Agreement (Ellie Mae Inc), Restricted Stock Unit Award Agreement (Ellie Mae Inc)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsRSUs and Dividend Equivalents, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUsRSUs and Dividend Equivalents, as and when settled pursuant to the terms of this Agreement.

Appears in 5 contracts

Samples: Founder Rsu Agreement (Guardant Health, Inc.), Global Restricted Stock Unit Agreement (Kla Corp), Performance Vesting Restricted Stock Unit Grant Notice (Switch, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 5 contracts

Samples: Restricted Share Unit Award Agreement (InMode Ltd.), Restricted Share Unit Award Agreement (InMode Ltd.), Restricted Share Unit Award Agreement

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This The Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will You shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when vested or settled pursuant to the terms of this Agreementhereof.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Advanced Micro Devices Inc), Restricted Stock Unit Award Agreement (Advanced Micro Devices Inc), Restricted Stock Unit Award Agreement (Advanced Micro Devices Inc)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Ordinary Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 4 contracts

Samples: Restricted Share Unit Award Agreement, Restricted Share Unit Award Agreement (Avago Technologies LTD), Restricted Stock Unit Award Agreement (Avago Technologies LTD)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of arrangement between the Company as to amounts payable and may Participant only and shall not be construed as creating a trusttrust for the benefit of Participant. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsRSUs and Dividend Equivalents, and rights no greater than the right to receive cash or the Shares or cash as a general unsecured creditor with respect to the RSUsRSUs and Dividend Equivalents, as and when settled pursuant to the terms of this Agreementhereof.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Solventum Corp), Restricted Stock Unit Award Agreement (Solventum Corp), Restricted Stock Unit Award Agreement (3m Co)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will shall have only the rights of a general unsecured creditor of the Company and its Subsidiaries with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares Common Stock as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Ivanhoe Electric Inc.), Merger Agreement (Broadscale Acquisition Corp.), Restricted Stock Unit Award Agreement (Ivanhoe Electric Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares Stock as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Electronics for Imaging Inc), Restricted Stock Unit Award Agreement (Electronics for Imaging Inc), Restricted Stock Unit Award Agreement (Electronics for Imaging Inc)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates and the Grant Notice create only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trusttrust or separate fund of any kind, or a fiduciary relationship between the Company, any parent of the Company, any Subsidiary or the Administrator, on the one hand, and Participant or other person or entity, on the other hand. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.), Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Award Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when vested and settled pursuant to the terms of this Agreementhereof.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Skywest Inc), Restricted Stock Unit Award Agreement (Skywest Inc)

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Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying programThe Plan, in and of itself, has any no assets. Participant will shall have only the rights of a general unsecured creditor of the Company and its Affiliates with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 2 contracts

Samples: Restricted Share Unit Award Agreement (Raptor Pharmaceutical Corp), Restricted Share Unit Award Agreement (Raptor Pharmaceutical Corp)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Award Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Common Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (QLT Inc/Bc), Restricted Stock Unit Award Agreement (QLT Inc/Bc)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Soundhound Ai, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates and the Grant Notice create only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trusttrust or separate fund of any kind, or a fiduciary relationship between the Company, any Affiliate of the Company, or the Administrator, on the one hand, and Participant or other person or entity, on the other hand. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares hares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates and the Grant Notice create only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trusttrust or separate fund of any kind, or a fiduciary relationship between the Company, any Affiliate of the Company, or the Administrator, on the one hand, and Participant or other person or entity, on the other hand. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares shares of Common Stock as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant will shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (ASGN Inc)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and may shall not be construed as creating a trust. Neither the Plan nor any underlying programThe Plan, in and of itself, has any no assets. Participant will shall have only the rights of a general unsecured creditor of the Company and its Affiliates with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive cash or the Shares Common Stock as a general unsecured creditor with respect to the RSUs, as and when settled pursuant to the terms of this Agreementpayable hereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Staar Surgical Co)

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