Common use of Unfunded Status Clause in Contracts

Unfunded Status. The obligations of the Company hereunder shall be contractual only. The Employee shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliate.

Appears in 17 contracts

Samples: Restricted Stock Units Agreement (Vislink Technologies, Inc.), Restricted Stock Units Agreement (Vislink Technologies, Inc.), Inducement Restricted Stock Unit Award Agreement (Xerium Technologies Inc)

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Unfunded Status. The obligations of the Company and its Affiliates hereunder shall be contractual onlyonly and all such payments shall be made from the general assets of the Company or its Affiliates. The Employee Participant shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee Participant or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliate.

Appears in 8 contracts

Samples: Performance Stock Units Award Agreement (Biogen Inc.), Market Stock Unit Award Agreement (Biogen Inc.), Performance Stock Units Award Agreement (Biogen Inc.)

Unfunded Status. The obligations of the Company and its Affiliates hereunder shall be contractual only. The Employee Participant shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee Participant or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliate.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Bioverativ Inc.), Restricted Stock Unit Award Agreement (Bioverativ Inc.), Performance Unit Award Agreement (Biogen Idec Inc.)

Unfunded Status. The obligations of the Company Group hereunder shall be contractual only. The Employee shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any AffiliateGroup.

Appears in 7 contracts

Samples: Restricted Stock Units Agreement (Sapient Corp), Restricted Stock Units Agreement (Sapient Corp), Restricted Stock Units Agreement (Sapient Corp)

Unfunded Status. The obligations of the Company and its Affiliates hereunder shall be contractual onlyonly and all such payments shall be made from the general assets of the Company and its Affiliates. The Employee Participant shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee Participant or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliate.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Biogen Inc.), Restricted Stock Unit Award Agreement (Biogen Inc.), Performance Unit Award Agreement (Biogen Inc.)

Unfunded Status. The obligations of the Company and its affiliates hereunder shall be contractual onlyonly and all such payments shall be made from the general assets of the Company or its affiliates. The Employee Participant shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee Participant or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliateaffiliate.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Dominos Pizza Inc), Restricted Stock Unit Award Agreement (Dominos Pizza Inc), Restricted Stock Unit Award Agreement (Dominos Pizza Inc)

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Unfunded Status. The obligations of the Company hereunder shall be contractual only. The Employee shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any AffiliateCompany.

Appears in 3 contracts

Samples: www.sec.gov, Global Restricted Stock Unit (Sapient Corp), Restricted Stock Unit Agreement (Sapient Corp)

Unfunded Status. The obligations of the Company and its Affiliates hereunder shall be contractual onlyonly and all such payments shall be made from the general assets of the Company or its Affiliates. The Employee shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliate.

Appears in 2 contracts

Samples: Xerium Technologies Inc, Xerium Technologies Inc

Unfunded Status. The obligations of the Company hereunder shall be contractual only. The Employee Participant shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Employee Participant or any other person or persons any right, title, interest or claim in or to any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliate.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Biogen Idec Inc.)

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