Limitations on Rights Associated with Stock Units. The Participant shall have no rights as a shareholder of the Company, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) and no voting rights, with respect to the Stock Units or any Shares underlying or issuable in respect of such Stock Units until such Shares 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 the stock certificate or book entry evidencing such Shares.
Limitations on Rights Associated with Stock Units. The Employee shall have no rights as a stockholder of the Company, no dividend rights and no voting rights with respect to the Stock Units until such shares of Common Stock are actually issued to and held of record by the Employee.
Limitations on Rights Associated with Stock Units. Executive shall have no rights as a stockholder of DIRECTV, no dividend rights (except as expressly provided in Section 8(c) with respect to Dividend Equivalents, if any) and no voting rights, with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units until such shares of Common Stock are actually issued to and held of record by Executive. 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 the stock certificate, except as otherwise provided in Section 8(c).
Limitations on Rights Associated with Stock Units. The Non-Employee Director shall have no rights as a shareholder of the Company, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) and no voting rights, with respect to the Stock Units or any Shares underlying or issuable in respect of such Stock Units until such Shares are actually issued to and held of record by the Non-Employee Director. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date upon which the Non-Employee Director will become the holder of record thereof.
Limitations on Rights Associated with Stock Units. The Grantee shall have no rights as a shareholder of the Company, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) and no voting rights with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units until such shares of Common Stock are actually issued to and held of record by the Grantee. 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 shares of Common Stock, which form may be either: (i) in one or more stock certificates or (ii) in book entry, registered in the name of the Grantee.
Limitations on Rights Associated with Stock Units. An Employee's ------------------------------------------------- Stock Unit Account shall be a memorandum account on the books of the Company. The Restricted Stock Units credited to an Employee's Stock Unit Account shall be used solely as a device for the determination of the number of shares of Common Stock to be eventually distributed to the Employee in accordance with the Plan. The Stock Units shall not be treated as property or as secured or funded in any way. The Award Agreement creates only a contractual obligation on the part of the Company as to benefits payable and shall not be construed as creating a trust. Employee shall have only rights no greater than the right to receive the Common Stock as a general unsecured creditor of the Corporation with respect to amounts credited and benefits payable, if any, in respect of the Employee's Stock Unit Account, in accordance with the terms of the Award Agreement and these General Provisions. No Employee shall be entitled to any voting or other shareholder rights with respect to Restricted Stock Units granted or credited under the Plan. The number of Restricted Stock Units credited (and the number of shares to which the Employee is entitled under the Plan) shall be subject to adjustment in accordance with Section 9 hereof and the terms of the Plan.
Limitations on Rights Associated with Stock Units. An Employee's Stock Unit Account shall be a memorandum account on the books of the Company. The Restricted Stock Units credited to an Employee's Stock Unit Account shall be used solely as a device for the determination of the number of shares of Common Stock to be eventually distributed to the Employee in accordance with the Plan. The Stock Units shall not be treated as property or as a trust fund of any kind. No Employee shall be entitled to any voting or other shareholder rights with respect to Restricted Stock Units granted or credited under the Plan. The number of Restricted Stock Units credited (and the number of shares to which the Employee is entitled under the Plan) shall be subject to adjustment in accordance with Section 9 and the terms of the Plan.
Limitations on Rights Associated with Stock Units. The Grantee shall have no rights as a stockholder of the Corporation, no dividend rights and no voting rights with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units until such shares of Common Stock are actually issued to and held of record by the Grantee. 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 the stock certificate.
