Rights Unsecured. The Recipient shall have only II-VI’s unfunded, unsecured promise to pay pursuant to the terms of this Agreement. The rights of the Recipient hereunder shall be that of a general unsecured creditor of II-VI and the Recipient shall not have any security interest in any assets of II-VI.
Rights Unsecured. You will have only the Company’s unfunded, unsecured promise to pay pursuant to the Performance Share terms. Your rights will be that of an unsecured general creditor of the Company, and you will not have any security interest in any assets of the Company.
Rights Unsecured. The Grantee shall have only the Corporation’s unfunded, unsecured promise to pay pursuant to the terms of this Award. The Grantee’s rights shall be that of an unsecured general creditor of the Corporation and the Grantee shall not have any security interest in any assets of the Corporation.
Rights Unsecured. The Recipient shall have only Coherent’s unfunded, unsecured promise to pay pursuant to the terms of this Agreement. The rights of the Recipient hereunder shall be that of a general unsecured creditor of Coherent and the Recipient shall not have any security interest in any assets of Coherent.
Rights Unsecured. II-VI shall remain the owner of all Performance Shares deferred by Recipient pursuant to Section 4 and Recipient shall have only II-VI’s unfunded, unsecured promise to pay pursuant to the terms of this Agreement. The rights of Recipient hereunder shall be that of an unsecured general creditor of II-VI and Recipient shall not have any security interest in any assets of II-VI.
Rights Unsecured. The Recipient shall have only II-VI’s unfunded, unsecured promise to pay pursuant to the terms of this Agreement. The rights of the Recipient hereunder shall be that of a general unsecured creditor of the Company, and the Recipient shall not have any security interest in any assets of the Company.
Rights Unsecured. The right of any Covered Employee to receive an Incentive Bonus shall constitute an unsecured claim against the general assets of the Company.
Rights Unsecured. Executive shall have only Company’s unfunded, unsecured promise to pay pursuant to the Performance Award terms. Executive’s rights shall be that of an unsecured general creditor of the Company, and Executive shall not have any security interest in any Company assets.
Rights Unsecured. Your rights hereunder shall be that of an unsecured general creditor of the Company, and you shall not have any security interest in any assets of the Company. You shall have only the Company’s unfunded, unsecured promise to issue shares of the Company’s Common Stock in the future pursuant to this Agreement.
Rights Unsecured. The Recipient shall have only II-VI’s unfunded, unsecured promise to pay pursuant to the terms of this Agreement. The rights of the Recipient hereunder IIVI RSU Shares 111618 shall be that of a general unsecured creditor of II-VI and the Recipient shall not have any security interest in any assets of II-VI.
