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Common use of No Funding Clause in Contracts

No Funding. This Award Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Stock in the future in accordance with its terms. You have the status of a general unsecured creditor of the Company as a result of receiving the grant of Restricted Stock Units.

Appears in 11 contracts

Samples: Restricted Stock Units Agreement (Halozyme Therapeutics, Inc.), Restricted Stock Units Agreement (Halozyme Therapeutics, Inc.), Restricted Stock Units Agreement (Halozyme Therapeutics, Inc.)

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No Funding. This Award Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Stock in the future in accordance with its terms. You have the status of a general unsecured creditor of the Company as a result of receiving the grant of Restricted Stock Performance Units.

Appears in 3 contracts

Samples: Performance Stock Units Agreement (Halozyme Therapeutics, Inc.), Performance Stock Units Agreement (Halozyme Therapeutics, Inc.), Performance Stock Units Agreement (Halozyme Therapeutics, Inc.)

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No Funding. This Award Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Stock in the future in accordance with its terms. You have the status of a general unsecured creditor of the Company as a result of receiving the grant of Restricted Stock Unitsthe Option.

Appears in 2 contracts

Samples: Employee Stock Option Agreement (Halozyme Therapeutics, Inc.), Director Stock Option Agreement (Halozyme Therapeutics, Inc.)