Nature of Units and Shareholder Rights. The Units subject to the Award(s) will be credited to an account in your name maintained by the Company. This account shall be unfunded and maintained for bookkeeping purposes only, with the Units simply representing an unfunded and unsecured obligation of the Company. The Units subject to the Award(s) may not be sold, assigned, transferred, pledged or otherwise encumbered by you, and do not entitle you to any rights as a shareholder of the Company.
Appears in 3 contracts
Samples: Omnibus Incentive Plan (Xcel Energy Inc), Award Agreement (Xcel Energy Inc), Omnibus Incentive Plan (Xcel Energy Inc)
Nature of Units and Shareholder Rights. The Units subject to the Award(s) will be credited to an account in your name maintained by the Company. This account shall be unfunded and maintained for bookkeeping purposes only, with the Units simply representing an unfunded and unsecured obligation of the Company. The Units subject to the Award(s) may not be sold, assigned, transferred, pledged or otherwise encumbered by you, and do not entitle you to any rights as a shareholder stockholder of the Company.
Appears in 2 contracts
Samples: Omnibus Incentive Plan (Xcel Energy Inc), Omnibus Incentive Plan (Xcel Energy Inc)
Nature of Units and Shareholder Rights. The Units subject to the Award(s) Award will be credited to an account in your name maintained by the Company. This account shall be unfunded and maintained for bookkeeping purposes only, with the Units simply representing an unfunded and unsecured obligation of the Company. The Units subject to the Award(s) Award may not be sold, assigned, transferred, pledged or otherwise encumbered by you, and do not entitle you to any rights as a shareholder of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Xcel Energy Inc)
