Common use of Prerequisites to Benefits Clause in Contracts

Prerequisites to Benefits. Neither the Participant, nor any person claiming through the Participant, shall have any right or interest in the Phantom Shares awarded hereunder, unless and until all the terms, conditions and provisions of this Agreement and the Plan which affect the Participant or such other person, including but not limited to the vesting requirements, shall have been complied with as specified herein.

Appears in 2 contracts

Samples: Phantom Stock Agreement (Hercules Offshore, Inc.), Phantom Stock Agreement (Hercules Offshore, Inc.)

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Prerequisites to Benefits. Neither the Participant, nor any person claiming through the Participant, shall have any right or interest in the Phantom Shares or the Cash Awards awarded hereunder, unless and until all the terms, conditions and provisions of this Agreement and the Plan which affect the Participant or such other person, including but not limited to the vesting requirements, shall have been complied with as specified herein.

Appears in 2 contracts

Samples: Phantom Stock and Cash Award Agreement (Hercules Offshore, Inc.), Phantom Stock and Cash Award Agreement (Hercules Offshore, Inc.)

Prerequisites to Benefits. Neither the Participant, nor any person claiming through the Participant, shall have any right or interest in the Phantom Shares awarded hereunder or in any Restricted Shares which may or may not be transferred hereunder, unless and until all the terms, conditions and provisions of this Agreement and the Plan which affect the Participant or such other person, including but not limited to the vesting requirements, shall have been complied with as specified herein.

Appears in 2 contracts

Samples: Phantom Stock Agreement, Phantom Stock Agreement (Hercules Offshore, Inc.)

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Prerequisites to Benefits. Neither the Participant, nor any person claiming through the Participant, shall have any right or interest in the Phantom Shares or Cash Awards awarded hereunder or in any Restricted Shares which may or may not be transferred hereunder, unless and until all the terms, conditions and provisions of this Agreement and the Plan which affect the Participant or such other person, including but not limited to the vesting requirements, shall have been complied with as specified herein.

Appears in 2 contracts

Samples: Stock and Cash Award Agreement, Phantom Stock and Cash Award Agreement (Hercules Offshore, Inc.)

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