Limitations on Rights Associated with Deferred Units. The Participant shall have no rights as a unitholder of the Company, no dividend rights (except as expressly provided in Section 3(b) with respect to Dividend Equivalent Rights) and no voting rights, with respect to the Deferred Units and any units of Common Units underlying or issuable in respect of such Deferred Units until such Common Units are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of such units.
Appears in 6 contracts
Samples: Restricted Deferred Unit Award Agreement, Restricted Deferred Unit Award Agreement, Restricted Deferred Unit Award Agreement (Momentive Specialty Chemicals Inc.)
