Common use of Unsecured Obligation Clause in Contracts

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 14 contracts

Samples: Professional Services (Verrica Pharmaceuticals Inc.), Restricted Stock Unit Award Agreement (Trevena Inc), Restricted Stock Award Agreement

AutoNDA by SimpleDocs

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 14 contracts

Samples: Restricted Stock Unit Agreement (Ionis Pharmaceuticals Inc), Global Restricted Stock Unit Agreement (Ionis Pharmaceuticals Inc), Restricted Stock Unit Award Agreement (OMNICELL, Inc)

Unsecured Obligation. Your Award is unfunded, and even as a holder of a vested Awardto any Restricted Stock Units which vest, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property Common Stock pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued Common Stock acquired pursuant to this Agreement until such shares are Common Stock is issued to you pursuant to Section 6 3 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the CompanyCompany with respect to the Common Stock so issued and held by you. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 9 contracts

Samples: Restricted Stock Unit Grant Agreement (Synopsys Inc), Restricted Stock Unit Grant Agreement (Synopsys Inc), Restricted Stock Unit Grant Agreement (Synopsys Inc)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested AwardShare Unit, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property Common Shares pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder shareholder of the Company with respect to the shares Common Shares subject to be issued pursuant to this Agreement your Award until such shares Common Shares are issued to you pursuant to Section 6 4 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder shareholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 7 contracts

Samples: Consulting Agreement (Healthtech Solutions, Inc./Ut), Share Unit Grant Agreement (Healthtech Solutions, Inc./Ut), Share Unit Grant Agreement (Healthtech Solutions, Inc./Ut)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property of Common Stock pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued of Common Stock purchased pursuant to this Agreement until such shares are issued to you pursuant to Section 6 1 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 4 contracts

Samples: Performance Restricted Stock Unit Agreement (Asml Holding Nv), Stock Unit Agreement (Asml Holding Nv), Restricted Stock Unit Agreement (Applied Micro Circuits Corp)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested AwardRestricted Share Unit, and you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property Common Shares pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder shareholder of the Company with respect to the shares Common Shares subject to be issued pursuant to this Agreement your Award until such shares Common Shares are issued delivered to you pursuant to Section 6 3 of this Agreement. Upon such issuancedelivery, you will obtain full voting and other rights as a stockholder shareholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 3 contracts

Samples: Restricted Share Unit Award Agreement (Bausch & Lomb Corp), Restricted Share Unit Award Agreement (Bausch Health Companies Inc.), Restricted Share Unit Award Agreement (Bausch & Lomb Corp)

Unsecured Obligation. Your Award is unfunded, unfunded and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property of Stock pursuant to an Award under this Award Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued Stock acquired pursuant to this Award Agreement until such shares are Stock is issued to you pursuant to Section 6 of this Award Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the CompanyCompany with respect to the Stock so issued. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 3 contracts

Samples: Non Employee Director Restricted Stock Unit Annual Award Agreement (Bank Jos a Clothiers Inc /De/), Non Employee Director Restricted Stock Unit Award Agreement (Bank Jos a Clothiers Inc /De/), Non Employee Director Restricted Stock Unit Award Agreement (Bank Jos a Clothiers Inc /De/)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares Shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder shareholder of the Company with respect to the shares Shares to be issued pursuant to this Agreement until such shares Shares are issued to you pursuant to Section 6 7 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder shareholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company Company, any Group Member or any other person.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Jazz Pharmaceuticals PLC), Stock Option Award Agreement (Jazz Pharmaceuticals PLC)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Award Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Award Agreement until such shares are issued to you pursuant to Section 6 of this Agreementyou. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 2 contracts

Samples: Employment Agreement (Fusion Fuel Green PLC), Employment Agreement (Fusion Fuel Green PLC)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property of Stock pursuant to an Earned Award under this Award Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued Stock acquired pursuant to this Award Agreement until such shares are Stock is issued to you pursuant to Section 6 of this Award Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the CompanyCompany with respect to the Stock so issued. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 2 contracts

Samples: Ceo Performance Restricted Stock Unit Award Agreement (Bank Jos a Clothiers Inc /De/), Evp Performance Restricted Stock Unit Award Agreement (Bank Jos a Clothiers Inc /De/)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreementyou. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 2 contracts

Samples: Stock Option Agreement (Protara Therapeutics, Inc.), Stock Option Agreement (ArTara Therapeutics, Inc.)

Unsecured Obligation. Your The Award is unfunded, and as a holder of a vested Award, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Atara Biotherapeutics, Inc.)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s 's obligation, if any, to issue shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued purchased pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Deferred Issuance Restricted Stock Bonus Agreement (Idm Pharma, Inc.)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares Shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder shareholder of the Company with respect to the shares Shares to be issued pursuant to this Agreement until such shares Shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder shareholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company Company, any Group Member or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Jazz Pharmaceuticals PLC)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested an Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares subject to be issued pursuant to this Agreement your Award until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Deferred Issuance Restricted Stock Bonus Agreement (Idm Pharma, Inc.)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall will be considered an unsecured creditor of the Company with respect to to 2. the Company’s obligation, if any, to issue shares or other property of Common Stock pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued of Common Stock purchased pursuant to this Agreement until such shares are issued to you pursuant to Section 6 1 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Cymer Inc)

AutoNDA by SimpleDocs

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested AwardRestricted Stock Unit, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property of Common Stock pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares of Common Stock subject to be issued pursuant to this Agreement your Award until such shares of Common Stock are issued to you pursuant to Section 6 1 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (TorreyPines Therapeutics, Inc.)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued purchased pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Deferred Issuance Restricted Stock Bonus Agreement (Idm Pharma, Inc.)

Unsecured Obligation. Your This Award is unfunded, and as a holder of a vested Award, you shall Director will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property of Stock pursuant to this Agreement. You shall Director will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued of Stock issuable pursuant to this Agreement until such shares are issued to you Director pursuant to Section 6 2 of this Agreement. Upon such issuance, you Director will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you Director and the Company or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (K2 Inc)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested AwardRSUs, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Interim Executive Chair Agreement (Luna Innovations Inc)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s 's obligation, if any, to issue shares or other property pursuant to this Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Grant Agreement (Power Integrations Inc)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property Shares pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued Shares purchased pursuant to this Agreement until such shares Shares are issued to you pursuant to Section 6 4 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Hollis Eden Pharmaceuticals Inc /De/)

Unsecured Obligation. Your The Award is unfunded, and as a holder of a vested Award, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 5 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Option Agreement (Workday, Inc.)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested AwardRestricted Stock Units, you shall will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement. You shall will not have voting or any other rights as a stockholder of the Company with respect to the shares to be issued pursuant to this Agreement until such shares are issued to you pursuant to Section 6 of this Agreementyou. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Anacor Pharmaceuticals, Inc.)

Unsecured Obligation. Your Award is unfunded, and as a holder of a vested Award, you shall be considered an unsecured creditor of the Company Corporation with respect to the CompanyCorporation’s obligation, if any, to issue shares or other property Shares pursuant to this Award Agreement. You shall not have voting or any other rights as a stockholder of the Company Corporation with respect to the shares to be issued Shares purchased pursuant to this Award Agreement until such shares Shares are issued to you pursuant to Section 6 4 of this Award Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the CompanyCorporation. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company Corporation or any other person.

Appears in 1 contract

Samples: Delayed Issuance Stock Issuance Award Agreement (Websense Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!