Common use of No Funding Clause in Contracts

No Funding. This Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Common 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 PSUs.

Appears in 5 contracts

Samples: Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.)

AutoNDA by SimpleDocs

No Funding. This Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Common 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 PSUsRSUs.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (CareMax, Inc.), Restricted Stock Units Agreement (Immunomedics Inc)

AutoNDA by SimpleDocs

No Funding. This Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Common 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 PSUsRSUs. Nothing in this Agreement will be construed to give you or any other person rights to any specific assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Authentec Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!