Common use of Unfunded Rights Clause in Contracts

Unfunded Rights. The right of the Participant to receive Common Stock pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.

Appears in 138 contracts

Samples: Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Performance Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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Unfunded Rights. The right of the Participant to receive Common Stock Shares pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Skyworks Solutions, Inc.), Performance Share Agreement (Skyworks Solutions, Inc.), Performance Share Agreement (Skyworks Solutions, Inc.)

Unfunded Rights. The right of the Participant to receive Common Stock pursuant to this Agreement agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement agreement other than those of an unsecured general creditor of the Company.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (Revvity, Inc.), Restricted Stock Unit Agreement (Revvity, Inc.), Restricted Stock Unit Agreement (Revvity, Inc.)

Unfunded Rights. The right of the Participant Recipient to receive Common Stock pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant Recipient shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Demandware Inc), Restricted Stock Units Agreement (American Science & Engineering, Inc.), Performance Based Restricted Stock Units Agreement (American Science & Engineering, Inc.)

Unfunded Rights. The right of the Participant to receive Common Stock pursuant to this Agreement award is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement these terms and conditions other than those of an unsecured general creditor of the Company.

Appears in 2 contracts

Samples: Deferred Stock Units Agreement (Varian Semiconductor Equipment Associates Inc), Restricted Stock Units Agreement (Varian Semiconductor Equipment Associates Inc)

Unfunded Rights. The right of the Participant Recipient to receive Common Stock pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant Recipient shall have no rights under this Agreement these terms and conditions other than those of an unsecured general creditor of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Avid Technology Inc)

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Unfunded Rights. The right of the Participant to receive Common Stock Shares pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of the holder of an unsecured general creditor obligation of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Stream Global Services, Inc.)

Unfunded Rights. The right of the Participant to receive Common Stock and Dividend Equivalents pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (TransMedics, Inc.)

Unfunded Rights. The right of the Participant to receive Common Stock and cash pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.

Appears in 1 contract

Samples: Deferred Stock Unit Agreement (First Marblehead Corp)

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