Common use of Unfunded Arrangement Clause in Contracts

Unfunded Arrangement. Neither the Notice of Grant, this Agreement, nor the Plan shall give you any security or other interest in any assets of the Company or an Affiliate; rather, your right to the Performance Award is that of a general, unsecured creditor of the Company.

Appears in 5 contracts

Samples: Performance Award Agreement (Cirrus Logic, Inc.), Performance Award Agreement, Performance Award Agreement (Cirrus Logic Inc)

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Unfunded Arrangement. Neither the Notice of Grant, this Agreement, nor the Plan shall give you any security or other interest in any assets of the Company or an Affiliate; rather, your right to the Performance Award is that of a general, unsecured creditor of the Company.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Cirrus Logic, Inc.), Restricted Stock Unit Agreement (Cirrus Logic, Inc.), Restricted Stock Unit Agreement (Cirrus Logic Inc)

Unfunded Arrangement. Neither the Notice of Grant, this Agreement, Agreement nor the Plan shall give you any security or other interest in any assets of the Company or an AffiliateCompany; rather, your right to the Performance Award is that of a general, unsecured creditor of the Company.

Appears in 2 contracts

Samples: Performance Share Unit Agreement (Oasis Petroleum Inc.), Restricted Stock Unit Agreement (Oasis Petroleum Inc.)

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Unfunded Arrangement. Neither the Notice of Grant, this Agreement, nor This Agreement and the Plan shall not give you the Participant any security or other interest in any assets of the Company or an AffiliateCompany; rather, your rather the Participant's right to the Performance Award is that of a general, general unsecured creditor of the Company.

Appears in 1 contract

Samples: Phantom Unit Award Agreement (Oiltanking Partners, L.P.)

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