No Trust or Fund Created. Neither this Award Agreement nor the grant of Restricted Stock hereunder shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and the Participant or any other person. To the extent that the Participant or any other person acquires a right to receive payments from the Company or any Affiliate pursuant to this Award Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 4 contracts
Samples: Restricted Stock Award Agreement (Gushen, Inc), Restricted Stock Award Agreement (Gushen, Inc), Restricted Stock Award Agreement (Gushen, Inc)
No Trust or Fund Created. Neither this Award Agreement nor the grant of the Restricted Stock hereunder Unit Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and the Participant or any other person. The Restricted Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue Stock to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company or any Affiliate pursuant to this Award Agreement, such that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Brillian Corp), Restricted Stock Unit Agreement (Brillian Corp), Restricted Stock Unit Agreement (Brillian Corp)
No Trust or Fund Created. Neither this Award Agreement nor the grant of Restricted Stock hereunder the Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and the Participant or any other person. The Restricted Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue shares of Common Stock to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments shares of Common Stock from the Company or any Affiliate pursuant to this Award Agreement, such that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Ixys Corp /De/), Restricted Stock Unit Award Agreement (Ixys Corp /De/)
No Trust or Fund Created. Neither this Award Agreement nor the grant of Restricted Stock hereunder the Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and the Participant or any other person. To the extent that the Participant or any other person acquires a right to receive payments shares of Common Stock from the Company or any Affiliate pursuant to this Award Agreement, such that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Image Entertainment Inc), Restricted Stock Award Agreement (Image Entertainment Inc)
No Trust or Fund Created. Neither this Award Agreement nor the grant of Restricted Stock the Award hereunder shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and its Subsidiaries and the Participant Grantee or any other person. To the extent that the Participant Grantee or any other person acquires a right to receive payments from the Company or any Affiliate and its Subsidiaries pursuant to this Award Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 2 contracts
Samples: Long Term Incentive Cash Bonus Plan Award Agreement (Wellcare Health Plans, Inc.), Long Term Incentive Cash Bonus Plan Award Agreement (Wellcare Health Plans, Inc.)
No Trust or Fund Created. Neither this Award Agreement nor the grant of Restricted Stock hereunder Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and the Participant or any other person. To the extent that the Participant or any other person acquires a right to receive payments from the Company or any Affiliate pursuant to this Award Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 2 contracts
Samples: Performance Based Cash Bonus Award Agreement (TruBridge, Inc.), Performance Based Cash Bonus Award Agreement (Computer Programs & Systems Inc)
No Trust or Fund Created. Neither this Award Agreement nor the grant of Restricted Stock hereunder shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate its Subsidiaries and the Participant Grantee or any other person. To the extent that the Participant Grantee or any other person acquires a right to receive payments from the Company or any Affiliate its Subsidiaries pursuant to this Award Agreement, such right shall be no greater than the right of any unsecured general creditor of the CompanyCompany or its Subsidiaries.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Schottenstein Realty Trust, Inc.)
No Trust or Fund Created. Neither this Award Agreement nor the grant of Restricted Stock hereunder Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate Corporation and the Participant or any other person. To the extent that the Participant or any other person acquires a right to receive payments from the Company or any Affiliate Corporation pursuant to this Award Agreement, such right shall be no greater than the right of any unsecured general creditor of the CompanyCorporation.
Appears in 1 contract
Samples: Performance Based Cash Bonus Award Agreement (Computer Programs & Systems Inc)
