Common use of No Rights of Stockholder Clause in Contracts

No Rights of Stockholder. Until converted as described in Section 6 hereof, the Restricted Stock Units represent the Corporation’s unfunded and unsecured promise to issue shares of Common Stock at a future date, subject to the terms of this Agreement. The Participant has no rights with respect to the Restricted Stock Units other than rights of a general creditor of the Corporation. Except as set forth in Section 3 hereof, the Participant shall not have any of the rights of a stockholder with respect to unvested Restricted Stock Units.

Appears in 7 contracts

Samples: Restricted Stock Unit Agreement (Hycroft Mining Holding Corp), Restricted Stock Unit Agreement (Hycroft Mining Holding Corp), Restricted Stock Unit Agreement (Hycroft Mining Holding Corp)

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No Rights of Stockholder. Until converted as described in Section 6 hereof, the Restricted Stock Units represent the Corporation’s unfunded and unsecured promise to issue shares of Common Stock Stock, at a future date, subject to the terms of this Agreement. The Participant has no rights with respect to the Restricted Stock Units other than rights of a general creditor of the Corporation. Except as set forth in Section 3 hereof, the Participant shall not have any of the rights of a stockholder with respect to unvested Restricted Stock Units.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Hycroft Mining Holding Corp), Restricted Stock Unit Agreement (Hycroft Mining Holding Corp)

No Rights of Stockholder. Until converted as described in Section 6 hereof, the Restricted Stock Units represent the CorporationCompany’s unfunded and unsecured promise to issue shares of common stock of the Corporation, par value $0.10 per share (“Common Stock Stock”), at a future date, date subject to the terms of this Agreement. The Participant Employee has no rights with respect to the Restricted Stock Units other than rights of a general creditor of the Corporation. Except as set forth in Section 3 hereof, the Participant Employee shall not have any of the rights of a stockholder with respect to unvested Restricted Stock Units.

Appears in 1 contract

Samples: Covanta Holding Corporation Growth Equity Award Agreement (Covanta Holding Corp)

No Rights of Stockholder. Until converted as described in Section 6 hereof, the Restricted Stock Units represent the CorporationCompany’s unfunded and unsecured promise to issue shares of common stock of the Company, par value $0.001 per share (“Common Stock Stock”), at a future date, date subject to the terms of this Agreement. The Participant Employee has no rights with respect to the Restricted Stock Units other than rights of a general creditor of the Corporation. Except as set forth in Section 3 hereof, the Participant Employee shall not have any of the rights of a stockholder with respect to unvested Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Real Industry, Inc.)

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No Rights of Stockholder. Until converted as described in Section 6 hereof, the Restricted Stock Units represent the CorporationCompany’s unfunded and unsecured promise to issue shares of common stock of the Company, par value $0.0001 per share (“Common Stock Stock”), at a future date, date subject to the terms of this Agreement. The Participant Employee has no rights with respect to the Restricted Stock Units other than rights of a general creditor of the Corporation. Except as set forth in Section 3 hereof, the Participant Employee shall not have any of the rights of a stockholder with respect to unvested Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (KeyStone Solutions, Inc.)

No Rights of Stockholder. Until converted as described in Section 6 hereof, the Restricted Stock Units represent the CorporationCompany’s unfunded and unsecured promise to issue shares of common stock of the Company, par value $0.10 per share (“Common Stock Stock”), at a future date, date subject to the terms of this Agreement. The Participant Employee has no rights with respect to the Restricted Stock Units other than rights of a general creditor of the Corporation. Except as set forth in Section 3 hereof, the Participant Employee shall not have any of the rights of a stockholder with respect to unvested Restricted Stock Units.

Appears in 1 contract

Samples: Corporation Restricted Stock Unit Agreement (Covanta Holding Corp)

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