Common use of Unsecured Creditor Clause in Contracts

Unsecured Creditor. This Agreement shall create a contractual obligation on the part of Company to make payment of the RSUs credited to your account at the time provided for in this Agreement. Neither you nor any other party claiming an interest in the RSUs or related stock hereunder shall have any interest whatsoever in any specific assets of the Company. Your right to receive payments hereunder shall be that of an unsecured general creditor of Company.

Appears in 26 contracts

Samples: 2011 Stock Incentive Plan (Endurance International Group Holdings, Inc.), Restricted Stock Unit Agreement (Endurance International Group Holdings, Inc.), Restricted Stock Unit Agreement (Endurance International Group Holdings, Inc.)

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Unsecured Creditor. This Agreement shall create a contractual obligation on the part of Company to make payment of the RSUs credited to your the Participant’s account at the time provided for in this Agreement. Neither you the Participant nor any other party claiming an interest in the RSUs or related stock hereunder shall have any interest whatsoever in any specific assets of the Company. Your The Participant’s right to receive payments hereunder shall be that of an unsecured general creditor of Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Parexel International Corp)

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Unsecured Creditor. This Agreement shall create a contractual obligation on the part of the Company to make payment of the RSUs credited to your account at the time provided for in this Agreement. Neither you nor any other party claiming an interest in the RSUs or related stock hereunder shall have any interest whatsoever in any specific assets of the Company. Your right to receive payments hereunder shall be that of an unsecured general creditor of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Constant Contact, Inc.)

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