Unfunded Obligations. The Company will reflect the Employee’s interests in the Units and the underlying shares of Common Stock by means of bookkeeping entries on the financial records of the Company, and this Agreement will not create in the Employee or any successors any right to, or claim against any, specific assets of the Company or result in the creation of any trust or escrow account for the Employee or any successors. With respect to their interests under this Agreement, the Employee and any successors will be general creditors of the Company.
Appears in 9 contracts
Samples: Restricted Stock Unit Award Agreement (Hillenbrand, Inc.), Restricted Stock Unit Award Agreement (Hillenbrand, Inc.), Restricted Stock Unit Award Agreement (Hillenbrand, Inc.)
Unfunded Obligations. The Company will reflect the Employee’s interests in the Units and the underlying shares of Common Stock by means of bookkeeping entries on the financial records of the Company, and this Agreement will not create in the Employee or any successors any right to, or claim against any, specific assets of the Company or result in the creation of any trust or escrow account for the Employee or any successors. With respect to their interests under this Agreement, the Employee and any successors will be general creditors of the Company.
Appears in 2 contracts
Samples: Performance Based Unit Award Agreement (Hillenbrand, Inc.), Stock Incentive Plan Performance Based Unit Award Agreement (Hillenbrand, Inc.)
