Limitation on Participant’s Rights. Participation in this Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation (or applicable Subsidiary Corporation) with respect to amounts credited and benefits payable in cash, if any, with respect to the Performance Units, and rights no greater than the right to receive the Common Stock (or equivalent value) as a general unsecured creditor with respect to Performance Units, as and when payable thereunder.
Appears in 5 contracts
Samples: Performance Stock Unit Award Agreement (Molina Healthcare, Inc.), Performance Stock Unit Award Agreement (Molina Healthcare, Inc.), Employment Agreement (Molina Healthcare Inc)
Limitation on Participant’s Rights. Participation in this the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on arrangement between the part of the Corporation as to amounts payable Company and 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. The Participant shall will have only the rights of a general unsecured creditor of the Corporation (or applicable Subsidiary Corporation) Company with respect to amounts credited and benefits payable in cashpayable, if any, with respect to the Performance UnitsShares and Dividend Equivalents, and rights no greater than the right to receive the Common Stock (or equivalent value) Shares as a general unsecured creditor with respect to the Performance UnitsShares and Dividend Equivalents, as and when payable thereundersettled pursuant to the terms hereof.
Appears in 5 contracts
Samples: Performance Share Award Agreement (3m Co), Performance Share Unit Agreement (Solventum Corp), Performance Share Award Agreement (3m Co)
Limitation on Participant’s Rights. Participation in this the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation (or applicable Subsidiary Corporation) with respect to amounts credited and benefits payable in cashpayable, if any, with respect to the Performance Share Units, and rights no greater than the right to receive the Class B Common Stock Shares (or equivalent value) as a general unsecured creditor with respect to Performance Share Units, as and when payable thereunderhereunder.
Appears in 3 contracts
Samples: Restricted Share Unit Award Agreement (Lions Gate Entertainment Corp /Cn/), Restricted Share Unit Award Agreement (Lions Gate Entertainment Corp /Cn/), Restricted Share Unit Award Agreement (Lions Gate Entertainment Corp /Cn/)
Limitation on Participant’s Rights. Participation in this Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation (or applicable Subsidiary CorporationSubsidiary) with respect to amounts credited and benefits payable in cash, if any, with respect to the Performance Stock Units, and rights no greater than the right to receive the Common Stock (or equivalent value) as a general unsecured creditor with respect to Performance Stock Units, as and when payable thereunder.
Appears in 2 contracts
Samples: Performance Stock Unit Award Agreement (Mentor Corp /Mn/), Performance Stock Unit Award Agreement (Mentor Corp /Mn/)
Limitation on Participant’s Rights. Participation in this Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation (or applicable Subsidiary CorporationSubsidiary) with respect to amounts credited and benefits payable in cash, if any, with respect to the Performance UnitsShares, and rights no greater than the right to receive the Common Stock (or equivalent value) as a general unsecured creditor with respect to Performance UnitsShares, as and when payable thereunder.
Appears in 2 contracts
Samples: Performance Share Award Agreement (Nationwide Health Properties Inc), Performance Share Award Agreement (Nationwide Health Properties Inc)
Limitation on Participant’s Rights. Participation in this Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation (or applicable Subsidiary Corporation) with respect to amounts credited and benefits payable in cash, if any, with respect to the Performance Units, and rights no greater than the right to receive the Common Stock (or equivalent value) as a general unsecured creditor with respect to Performance Units, as and when payable thereunder. 19.
Appears in 1 contract
Samples: Performance Stock Unit Award Agreement (Molina Healthcare, Inc.)
Limitation on Participant’s Rights. Participation in this the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the OMM_US:74986150.3 11052020 PSU Corporation (or applicable Subsidiary Corporation) with respect to amounts credited and benefits payable in cashpayable, if any, with respect to the Performance Stock Units, and rights no greater than the right to receive the Common Stock (or equivalent value) as a general unsecured creditor with respect to Performance Stock Units, as and when payable thereunderhereunder.
Appears in 1 contract
Samples: Performance Stock Unit Award Agreement (Alaska Air Group, Inc.)