Unfunded Obligations. The grant of the Units and any provision for distribution in settlement of Grantee’s Account hereunder shall be by means of bookkeeping entries on the books of the Company and shall not create in Grantee any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for Grantee. With respect to Grantee’s entitlement to any distribution hereunder, Grantee shall be a general creditor of the Company.
Appears in 3 contracts
Samples: Restricted Stock Units Agreement (Horace Mann Educators Corp /De/), Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)
Unfunded Obligations. The grant of the Units and any provision for distribution of Shares in settlement of the Grantee’s 's Account hereunder shall be by means of bookkeeping entries on the books of the Company and shall not create in the Grantee any right to, or claim against any, specific assets of the Company, nor result in the creation of any trust or escrow account for the Grantee. With respect to the Grantee’s 's entitlement to any distribution hereunder, the Grantee shall be a general creditor of the Company.
Appears in 2 contracts
Samples: Restricted Stock Units Award Agreement (Amber Road, Inc.), Restricted Stock Units Award Agreement (Amber Road, Inc.)
