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 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 Awarded RSUs, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to Awarded RSUs, as and when payable hereunder.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Battalion Oil Corp), Restricted Stock Unit Award Agreement (Battalion Oil Corp), 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 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 Awarded RSUs, and rights no greater than the right to receive the Common Stock Shares as a general unsecured creditor with respect to Awarded RSUs, as and when payable hereunder.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Apple Inc.), Award Agreement (Apple Inc.)