Common use of No Rights as Stockholder or Employee Clause in Contracts

No Rights as Stockholder or Employee. (a) Unless and until Shares have been issued to the Grantee, the Grantee shall not have any privileges of a stockholder of the Company with respect to any Restricted Stock Units subject to this Agreement, nor shall the Company have any obligation to issue any dividends or otherwise afford any rights to which Shares are entitled with respect to any such Restricted Stock Units.

Appears in 9 contracts

Samples: 20__ Restricted Stock Unit Award Agreement (Nisource Inc.), 20__ Restricted Stock Unit Award Agreement (Nisource Inc.), 2018 Restricted Stock Unit Award Agreement (Nisource Inc/De)

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No Rights as Stockholder or Employee. (a) Unless and until Shares have been issued to the Grantee, the The Grantee shall not have any privileges of a stockholder of the Company with respect to any Restricted Stock Units Performance Shares subject to this Agreement, nor shall the Company have any obligation to issue any dividends or otherwise afford any rights to which Shares are entitled with respect to any such Restricted Stock UnitsPerformance Shares.

Appears in 5 contracts

Samples: Performance Share Award Agreement (Nisource Inc/De), Performance Share Award Agreement (Nisource Inc/De), Performance Share Award Agreement (Columbia Pipeline Group, Inc.)

No Rights as Stockholder or Employee. (a) Unless and until Shares have been issued to the Grantee, the Grantee shall not have any privileges of a stockholder of the Company with respect to any Restricted Stock Performance Share Units subject to this Agreement, nor shall the Company have any obligation to issue any dividends dividend or otherwise afford any rights to which Shares are entitled with respect to any such Restricted Stock Performance Share Units.

Appears in 2 contracts

Samples: 20__ Performance Share Unit Award Agreement (Nisource Inc.), Share Unit Award Agreement (Nisource Inc.)

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No Rights as Stockholder or Employee. (a) Unless and until Shares have been issued to the Grantee, the The Grantee shall not have any privileges of a stockholder of the Company (including, without limitation, any voting rights or rights to receive dividends) with respect to any Restricted Stock Units the Performance Shares subject to this Agreement. Furthermore, nor nothing in this Agreement shall confer upon the Grantee any right to continue as an Employee of the Company have or any obligation Affiliate or to issue interfere in any dividends way with the right of the Company or otherwise afford any rights Affiliate to which Shares are entitled with respect to terminate the Grantee’s Service at any such Restricted Stock Unitstime.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Nisource Inc.), Performance Share Award Agreement (Nisource Inc/De)

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