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.
Appears in 5 contracts
Samples: Inducement Award Agreement (Coherent Corp.), Restricted Share Unit (Coherent Corp.), Performance Share Unit Award Agreement (Coherent Corp.)