Common use of No Rights of a Stockholder Clause in Contracts

No Rights of a Stockholder. The Grantee shall have no voting or other rights as a stockholder of the Company with respect to this award. The Grantee’s right to receive payments earned under this Agreement shall be no greater than the right of any unsecured general creditor of the Company.

Appears in 6 contracts

Samples: Performance Share Unit Award Agreement (Qep Resources, Inc.), Performance Share Unit Award Agreement (Qep Resources, Inc.), Performance Share Unit Award Agreement (Qep Resources, Inc.)

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No Rights of a Stockholder. The Grantee shall have no voting or other rights as a stockholder of the Company with respect to this award. In the event Grantee receives shares of Common Stock in payment of earned and vested Performance Shares, the Grantee shall have all of the rights of a stockholder of the Company with respect to such shares as and when Grantee becomes the stockholder of record of such shares. The Grantee’s right to receive payments earned under this Agreement shall be no greater than the right of any unsecured general creditor of the Company.

Appears in 1 contract

Samples: Performance Share Award Agreement (Questar Corp)

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No Rights of a Stockholder. The Grantee shall have no voting or other rights as a stockholder of the Company with respect to this award. In the event the Grantee receives shares of Common Stock in payment of earned and vested Performance Shares, the Grantee shall have all of the rights of a stockholder of the Company with respect to such shares as and when the Grantee becomes the stockholder of record of such shares. The Grantee’s right to receive payments earned under this Agreement shall be no greater than the right of any unsecured general creditor of the Company.

Appears in 1 contract

Samples: Performance Share Award Agreement (Questar Corp)

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