Common use of Unfunded Status of Awards Clause in Contracts

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary.

Appears in 4 contracts

Samples: Registration Rights Agreement (Broadscale Acquisition Corp.), Business Combination Agreement (Sandbridge Acquisition Corp), Eargo, Inc.

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Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant Holder pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant Holder any rights that are greater than those of a general creditor of the Company or any Subsidiary.

Appears in 2 contracts

Samples: Merger Agreement (Histogen Inc.), Globus Medical Inc

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any SubsidiarySubsidiary or Affiliate.

Appears in 2 contracts

Samples: Business Combination Agreement (Proptech Investment Corp. Ii), First Financial Bankshares Inc

Unfunded Status of Awards. The Plan is intended to be constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant pursuant to an Awardthe Plan, nothing contained in the Plan or Award Agreement shall give the any such Participant any rights that are greater than those of a general creditor of the Company or any SubsidiaryCompany.

Appears in 2 contracts

Samples: Employment Agreement (Clark Dick Productions Inc), Employment Agreement (Clark Dick Productions Inc)

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary.

Appears in 2 contracts

Samples: Business Combination Agreement (Prenetics Global LTD), eproxymaterials.com

Unfunded Status of Awards. The Plan is intended to be constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the any such Participant any rights that are greater than those of a general creditor of the Company or any SubsidiaryCompany.

Appears in 2 contracts

Samples: First Financial (First Financial Bankshares Inc), Form of Enovation (Enovation Controls, Inc.)

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant Holder pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Participant Holder any rights that are greater than those of a general creditor of the Company or any Subsidiary.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Conyers Park II Acquisition Corp.), Agreement and Plan of Merger (Acamar Partners Acquisition Corp.)

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary.

Appears in 1 contract

Samples: Restricted Stock Agreement (Poore Brothers Inc)

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any Company Subsidiary.

Appears in 1 contract

Samples: Houlihan Lokey, Inc.

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Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Program or Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any SubsidiaryAffiliate.

Appears in 1 contract

Samples: Sunstone Hotel Investors, Inc.

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any SubsidiaryRelated Entity.

Appears in 1 contract

Samples: Agreement and Plan of Merger (DFP Healthcare Acquisitions Corp.)

Unfunded Status of Awards. The Plan is intended to be constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the any such Participant any rights that are greater than those of a general creditor of the Company or any SubsidiaryCompany.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Koffee Korner Inc.)

Unfunded Status of Awards. The Plan is intended to be constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant recipient pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any such recipient any rights that are greater than those of a general creditor of the Company or any SubsidiaryCompany.

Appears in 1 contract

Samples: Cutter & Buck Inc

Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant Holder pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant Holder any rights that are greater than those of a general creditor of the Company or any Subsidiary.. 

Appears in 1 contract

Samples: Globus Medical Inc

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