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.
Appears in 6 contracts
Samples: Restricted Stock Unit Award Agreement (Castle a M & Co), Restricted Stock Unit Award Agreement (Castle a M & Co), Performance Share Award Agreement (Castle a M & Co)
Rights Unsecured. The Grantee shall have only has the CorporationCompany’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 Company and the Grantee shall not have any security interest in any assets of the CorporationCompany.
Appears in 2 contracts
Samples: Performance Share Award Agreement (Sifco Industries Inc), Performance Share Award Agreement (Sifco Industries Inc)
