Unfunded Promise to Pay. The Restricted Stock Units constitute a mere promise by the Company to make specified payments in the future if such benefits come due under this Agreement. The Employee will have the status of a general unsecured creditor of the Company with respect to any vested Restricted Stock Units.
Appears in 4 contracts
Samples: Restricted Stock Unit Award Agreement (Manitowoc Co Inc), Restricted Stock Unit Award Agreement (Welbilt, Inc.), Restricted Stock Unit Award Agreement (Manitowoc Foodservice, Inc.)
Unfunded Promise to Pay. The Restricted Stock Units constitute a mere promise by the Company to make specified payments in the future if such benefits come due under this Agreement. The Employee Director will have the status of a general unsecured creditor of the Company with respect to any vested Restricted Stock Units.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Manitowoc Co Inc), Restricted Stock Unit Award Agreement (Manitowoc Foodservice, Inc.), Restricted Stock Unit Award Agreement (Manitowoc Co Inc)
