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

Limitation on the 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 shall not be construed as creating a trust. The Plan, in and of itself, has no assets. The Participant 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 Shares issuable hereunder.

Appears in 8 contracts

Samples: Restricted Stock Unit Award Agreement (Autozone Inc), Employment Agreement (Spirit Realty Capital, Inc.), Employment Agreement (Spirit Realty, L.P.)

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Limitation on the 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 shall not be construed as creating a trust. The Plan, in and of itself, has no assets. The Participant 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 Shares shares of Common Stock issuable hereunder.

Appears in 3 contracts

Samples: Outperformance Award Agreement (Hudson Pacific Properties, L.P.), Outperformance Award Agreement (Hudson Pacific Properties, L.P.), Outperformance Award Agreement (Hudson Pacific Properties, L.P.)

Limitation on the Participant’s Rights. Participation in the Plan and the Program 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 shall not be construed as creating a trust. The Plan, in Plan and of itself, has no the Program assets. The Participant 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 Shares issuable hereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Autozone Inc)

Limitation on the 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 shall not be construed as creating a trust. The Plan, in and of itself, has no assets. The Participant 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 Shares issuable hereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Hudson Pacific Properties, Inc.)

Limitation on the 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 shall not be construed as creating a trust. The Plan, in and of itself, has no assets. The Participant 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 Shares and/or RSUs issuable hereunderthereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Reliance Steel & Aluminum Co)

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Limitation on the 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 shall not be construed as creating a trust. The Plan, in and of itself, has no assets. The Participant 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 Shares issuable hereunder.of

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Reliance Steel & Aluminum Co)

Limitation on the 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 shall not be construed as creating a trust. The Plan, in and of itself, has no assets. The Participant 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 Shares shares of Common Stock and/or Restricted Stock Units issuable hereunder.

Appears in 1 contract

Samples: Outperformance Award Agreement (Hudson Pacific Properties, L.P.)

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