Common use of No Trust; Grantee’s Rights Unsecured Clause in Contracts

No Trust; Grantee’s Rights Unsecured. Neither this Performance-Based Award nor any action pursuant to or in accordance with this Performance-Based Award shall be construed to create a trust of any kind. The right of Grantee to receive payments of cash or Shares under this Performance-Based Award shall be an unsecured claim against the general assets of the Company

Appears in 6 contracts

Samples: Performance Based Award Agreement (Elanco Animal Health Inc), Performance Based Award Agreement (Elanco Animal Health Inc), Replacement Performance Based Award Agreement

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