Nature of Units. The Units represent book-keeping entries only, and constitute the Company’s unfunded and unsecured promise to issue shares of Common Stock to you on a future date. As a holder of Units, you have no rights other than the rights of a general creditor of the Company.
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Paychex Inc), 2007 Master Restricted Stock Unit Award Agreement (Paychex Inc), 2007 Master Restricted Stock Unit Agreement (Paychex Inc)
