Unfunded Obligation. This Agreement is designed and shall be administered at all times as an unfunded arrangement and Grantee shall be treated as an unsecured general creditor and shall have no beneficial ownership of any assets of the Company.
Appears in 9 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Compass Minerals International Inc), Performance Stock Unit Award Agreement (Compass Minerals International Inc), Performance Stock Unit Award Agreement (Compass Minerals International Inc)
Unfunded Obligation. This Agreement is designed and shall be administered at all times as an unfunded arrangement and Grantee Director shall be treated as an unsecured general creditor and shall have no beneficial ownership of any assets of the Company.
Appears in 8 contracts
Samples: Non Management Director Deferred Stock Award Agreement (Kansas City Southern), Independent Director Deferred Stock Award Agreement (Compass Minerals International Inc), Independent Director Deferred Stock Award Agreement (Compass Minerals International Inc)
