Unsecured Creditor Status. This grant of Performance Shares constitutes a mere promise by the Company to pay Grantee the benefits described in this grant (to the extent earned). Grantee shall have the status of a general unsecured creditor of the Company with respect to the benefits payable under this Agreement.
Appears in 4 contracts
Samples: Performance Share Grant Agreement (American Greetings Corp), Agreement (American Greetings Corp), Performance Share Grant Agreement (American Greetings Corp)
Unsecured Creditor Status. This grant of Performance Shares constitutes a mere promise by the Company to pay Grantee the benefits described in this grant (to the extent earnedcredited and vested). Grantee shall have the status of a general unsecured creditor of the Company with respect to the benefits payable under this Agreement.
Appears in 1 contract
Samples: Performance Share Grant Agreement (American Greetings Corp)
