Unfunded Obligations. The grant of the Units and any provision for distribution in settlement of Employee’s Account hereunder shall be by means of bookkeeping entries on the books of the Company and shall not create in Employee any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for Employee. With respect to Employee’s entitlement to any distribution hereunder, Employee shall be a general creditor of the Company.
Appears in 3 contracts
Samples: Performance Units Agreement (New Jersey Resources Corp), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)
Unfunded Obligations. The grant of the Units and any provision for distribution in settlement the maintenance of Employee’s Account hereunder shall be by means of bookkeeping entries on the books of the Company and shall not create in Employee any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for Employee. With respect to Employee’s entitlement to any distribution hereunder, Employee shall be a general creditor of the Company.
Appears in 2 contracts
Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Horace Mann Educators Corp /De/)
Unfunded Obligations. The grant of the Units and any provision for distribution in settlement of Employee’s 's Account hereunder shall be by means of bookkeeping entries on the books of the Company and shall not create in Employee any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for Employee. With respect to Employee’s 's entitlement to any distribution hereunder, Employee shall be a general creditor of the Company.
Appears in 1 contract
Samples: Performance Units Agreement (New Jersey Resources Corp)
