Limitation on the 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 the RSUs and the settlement thereof 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 Company with respect to the settlement of RSUs, and rights no greater than the right to receive the Shares as a general unsecured creditor with respect to RSUs, as and when settled hereunder.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Apple Inc.), Restricted Stock Unit Award Agreement (Apple Inc.), Restricted Stock Unit Award Agreement (Apple Inc.)
Limitation on the 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 the RSUs and the settlement thereof 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 Company with respect to amounts credited and benefits payable, if any, with respect to the settlement of Awarded RSUs, and rights no greater than the right to receive the Shares Common Stock as a general unsecured creditor with respect to Awarded RSUs, as and when settled payable hereunder.
Appears in 3 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Battalion Oil Corp), Restricted Stock Unit Award Agreement (Battalion Oil Corp), M&a Restricted Stock Unit Award Agreement (Battalion Oil Corp)
Limitation on the 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 the RSUs and the settlement thereof 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 Company with respect to amounts credited and benefits payable, if any, with respect to the settlement of RSUs, and rights no greater than the right to receive the Shares as a general unsecured creditor with respect to RSUs, as and when settled payable hereunder.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Apple Inc.), Restricted Stock Unit Award Agreement (Apple Inc.)