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. The Agreement creates only a contractual obligation on the part of the 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. 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 PRSUs, and rights no greater than the right to receive the Shares as a general unsecured creditor with respect to PRSUs, as and when vested or settled pursuant to the terms hereof.

Appears in 5 contracts

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

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Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. The This Agreement creates only a contractual obligation on the part of the 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. You Participant 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 PRSUsOption, and rights no greater than the right to receive the Shares Stock as a general unsecured creditor with respect to PRSUsoptions, as and when vested or settled exercised pursuant to the terms hereof.

Appears in 4 contracts

Samples: Incorporated Stock Option Agreement (Corcept Therapeutics Inc), Incentive Award Plan Stock Option Award Agreement (Axalta Coating Systems Ltd.), Stock Option Agreement (McBc Holdings, Inc.)

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