Common use of Unfunded Award Clause in Contracts

Unfunded Award. The Award represents an unfunded, unsecured right to receive shares of Common Stock and the associated Dividend Equivalents in accordance with the terms of this Agreement, and the Company shall not be required to segregate any assets with respect to any payments due in connection with this Agreement.

Appears in 3 contracts

Samples: Time Based Restricted Stock Unit Award Agreement (Rise Oil & Gas, Inc.), Time Based Restricted Stock Unit Award Agreement (Rise Oil & Gas, Inc.), Time Based Restricted Stock Unit Award Agreement (Encore Wire Corp)

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Unfunded Award. The Award represents an unfunded, unsecured right to receive shares of Common Stock and the associated Dividend Equivalents in accordance with the terms of this Agreement, and the Company shall not be required to segregate any assets with respect to any payments due in connection with this Agreement.. (n)

Appears in 1 contract

Samples: Time Based Restricted Stock Unit Award Agreement (Encore Wire Corp)

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Unfunded Award. The Award represents an unfunded, unsecured right to receive shares of Common Stock and the associated Dividend Equivalents in accordance with the terms of this Agreement, and the Company shall not be required to segregate any assets with respect to any payments due in connection with this Agreement.to

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Encore Wire Corp)

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