Common use of No Dividend Equivalents or Stockholder Rights Until Shares Issued Clause in Contracts

No Dividend Equivalents or Stockholder Rights Until Shares Issued. The Units shall not be credited with Dividend Equivalents. In addition, the Participant shall have no voting, transfer, liquidation, or other rights of a holder of Shares with respect to the Units until such time as Shares, if any, have been issued by the Company to the Participant in settlement of the Units. Until the Units are settled or terminated, they will represent only bookkeeping entries by the Company to evidence unfunded and unsecured obligations of the Company.

No Dividend Equivalents or Stockholder Rights Until Shares Issued. The Units shall not be credited with Dividend Xxxxxxxx Equivalents. In addition, the Participant shall have no voting, transfer, liquidation, or other rights of a holder of Shares with respect to the Units until such time as Shares, if any, have been issued by the Company to the Participant in settlement of the Units. Until the Units are settled or terminated, they will represent only bookkeeping entries by the Company to evidence unfunded and unsecured obligations of the Company.