Common use of Unsecured Creditor Clause in Contracts

Unsecured Creditor. The RSUs create a contractual obligation on the part of the Company to make a distribution of the RSU Shares at the time provided for in this Grant Agreement. Neither you nor any other party claiming an interest in deferred compensation hereunder shall have any interest whatsoever in any specific assets of the Company. Your right to receive distributions hereunder is that of an unsecured general creditor of Company. Governing Law The laws of the State of New York will govern all matters relating to the RSUs, without regard to the principles of conflict of laws.

Appears in 2 contracts

Samples: HMS Holdings Corp, HMS Holdings Corp

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Unsecured Creditor. The RSUs create RSU creates a contractual obligation on the part of the Company to make a distribution of the RSU Shares at the time provided for in this Grant Agreement. Neither you nor any other party claiming an interest in deferred compensation hereunder shall have any interest whatsoever in any specific assets of the Company. Your right to receive distributions hereunder is that of an unsecured general creditor of Company. Governing Law The laws of the State of New York will govern all matters relating to the RSUs, without regard to the principles of conflict of laws.

Appears in 1 contract

Samples: Restricted Stock Unit Grant Agreement for Employees (Discovery Communications, Inc.)

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Unsecured Creditor. The RSUs create a contractual obligation on the part of the Company to make a distribution of the RSU Shares at the time provided for in this Grant Agreement. Neither you nor any other party claiming an interest in deferred compensation hereunder shall have any interest whatsoever in any specific assets of the Company. Your right to receive distributions hereunder is that of an unsecured general creditor of Company. Governing Law The laws of the State of New York will govern all matters relating to the RSUs, without regard to the principles of conflict of laws.

Appears in 1 contract

Samples: Director Rsu Agreement (HMS Holdings Corp)

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