Unfunded Arrangement. This Agreement and the Plan shall not give Executive any security or other interest in any assets of the Company; rather Executive’s right to the Award is that of a general unsecured creditor of the Company.
Appears in 6 contracts
Samples: Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Restricted Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC)
Unfunded Arrangement. This Agreement and the Plan shall not give a Executive any security or other interest in any assets of the Company; rather the Executive’s right to the Award is that of a general unsecured creditor of the Company.
Appears in 6 contracts
Samples: Restricted Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Restricted Unit Award Agreement (Vanguard Natural Resources, LLC)
Unfunded Arrangement. This Agreement and the Plan shall not give an Executive any security or other interest in any assets of the Company; rather the Executive’s right to the Award is that of a general unsecured creditor of the Company.
Appears in 3 contracts
Samples: Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC), Phantom Unit Award Agreement (Vanguard Natural Resources, LLC)
