Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 11 contracts
Samples: Incentive Compensation and Stock Plan (Newmarket Corp), Stock Option Plan (First Capital Bancorp, Inc.), 1999 Stock Option Plan (Cardinal Financial Corp)
Unfunded Plan. The Plan, insofar as it provides for grants, grants shall be unfunded, and neither the Company nor any Affiliate shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company or an Affiliate to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company or an Affiliate shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the CompanyCompany or an Affiliate.
Appears in 8 contracts
Samples: Stock Option Plan (Cordia Bancorp Inc), Stock Option Plan (First Bankshares, Inc.), Stock Option Plan (New Peoples Bankshares Inc)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants granted under this the Plan. Any liability of the Company to any person with respect to any grant under this the Plan shall be based solely upon any contractual obligations that may be created pursuant to this the Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 7 contracts
Samples: Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, unfunded and the Company shall not be required to segregate any assets that may be represented at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be are created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 5 contracts
Samples: 1998 Non Employee Director Stock Compensation Plan (C & F Financial Corp), 1998 Non Employee Director Stock Compensation Plan (C & F Financial Corp), 1997 Non Employee Director Stock Compensation Plan (Cadmus Communications Corp/New)
Unfunded Plan. The Plan, insofar as it provides for grantsgrants and awards, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants or awards under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.Company or any Subsidiary
Appears in 5 contracts
Samples: Omnibus Stock Incentive Plan (Mikron Instrument Co Inc), Omnibus Stock Incentive Plan (Blimpie International Inc), Omnibus Stock Incentive Plan (Blimpie International Inc)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Planhereunder. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 5 contracts
Samples: 1995 Non Qualified Stock Option Plan for Non Employee Directors (Bancorpsouth Inc), 1994 Incentive Stock Plan (PMT Services Inc /Tn/), 1994 Non Employee Director Stock Option Plan (PMT Services Inc /Tn/)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company Corporation shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company Corporation to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company Corporation shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the CompanyCorporation.
Appears in 3 contracts
Samples: 2006 Equity Compensation Plan (Middleburg Financial Corp), Equity Compensation Plan (Middleburg Financial Corp), Stock Incentive Plan (Perardua Corp)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this the Plan. Any liability of the Company to any person with respect to any grant under this the Plan shall be based solely upon any contractual obligations that may be created pursuant to this the Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 3 contracts
Samples: 1997 Stock Option Plan (Ocwen Asset Investment Corp), Long Term Incentive Plan (Networks North Inc), Stock Option Plan (United Dominion Realty Trust Inc)
Unfunded Plan. The Plan, insofar as it provides for grants, Plan shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Planhereunder. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 2 contracts
Samples: Restricted Stock Plan (Washington Mutual Inc), Stock Option Plan (Washington Mutual Inc)
Unfunded Plan. The Plan, insofar as it provides for grants, ------------- shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 2 contracts
Samples: 1999 Stock Option Plan (Cardinal Financial Corp), Omnibus Stock Incentive Plan (Equifax Inc)
Unfunded Plan. The This Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Planhereunder. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 2 contracts
Samples: 2005 Stock Incentive Plan (Pipeline Data Inc), 2005 Stock Incentive Plan (Pipeline Data Inc)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be ------------- unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
Unfunded Plan. The Plan, insofar as it provides for grantsgrants and awards, ------------- shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants or awards under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.Company or any Subsidiary
Appears in 1 contract
Samples: 2000 Omnibus Stock Incentive Plan (Blimpie International Inc)
Unfunded Plan. The This Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this the Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be he based solely upon any contractual obligations that which may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
Unfunded Plan. The Th Plan, insofar as it provides for grants, shall be unfunded, unfunded and the Company shall not be required to segregate any assets that may be represented at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be are created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
Samples: Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations obligation that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
Unfunded Plan. The Plan, insofar as it provides for grants, grants shall be unfunded, and neither the Company nor any Affiliate shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company or an Affiliate to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company or an Affiliate shall be deemed to be secured by any pledge of, or other encumbrance otherencumbrance on, any property of the CompanyCompany or an Affiliate.
Appears in 1 contract
Unfunded Plan. The Plan, insofar as it provides for grants, Plan shall be unfunded, unfunded and the Company shall not be required to segregate any assets asset that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the CompanyCompany or Affiliates.
Appears in 1 contract
Samples: Non Employee Directors' Stock Option Plan (Intelidata Technologies Corp)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this the Plan. Any liability of the Company to any person with respect to any grant under this the Plan shall be based solely upon any 62 contractual obligations that may be created pursuant to this the Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
Samples: Incentive Plan (Albemarle Corp)
Unfunded Plan. The This Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
Samples: Contribution and Sale Agreement (Bluerock Residential Growth REIT, Inc.)
Unfunded Plan. The Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any a pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
Samples: 1997 Omnibus Stock Incentive Plan (Juliana Mining Co Inc)
Unfunded Plan. The This Plan, insofar as it provides for grants, shall be unfunded, and the Company shall not be required to segregate any assets that may at any time be represented by grants under this the Plan. Any liability of the Company to any person with respect to any grant under this Plan shall be based solely upon any contractual obligations that which may be created pursuant to this Plan. No such obligation of the Company shall be deemed to be secured by any pledge of, or other encumbrance on, any property of the Company.
Appears in 1 contract
