Common use of Unfunded Status Clause in Contracts

Unfunded Status. The obligations of the Company Group hereunder shall be contractual only. The Director shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Director 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 Group.

Appears in 8 contracts

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

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Unfunded Status. The obligations of the Company Group 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 Director shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Director 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 Groupor any Affiliate.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (Xerium Technologies Inc), Restricted Stock Units Agreement (Xerium Technologies Inc), Restricted Stock Units Agreement (Xerium Technologies Inc)

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