Common use of Unsecured Obligation Clause in Contracts

Unsecured Obligation. Your Award is unfunded, and even as to 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 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 3 contracts

Samples: Restricted Stock Unit Award Agreement (Blue Nile Inc), Restricted Stock Unit Award Agreement (Blue Nile Inc), Synopsys Inc

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Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Stock Units which vest, you shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 2 contracts

Samples: Incentive Plan Restricted Stock Unit Award Agreement (Ditech Networks Inc), Synopsys Inc

Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Stock Units which RSUs that vest, you shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 2 contracts

Samples: Restricted Stock Unit Award Agreement (Genoptix Inc), Restricted Stock Unit Award Agreement (Sequenom Inc)

Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Stock Units which RSUs that vest, you shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue Common Stock pursuant to this Award Agreement. You shall not have voting or any other rights as a stockholder of the Company with respect to the Common Stock acquired pursuant to this Award Agreement until such Common Stock is issued to you pursuant to Section 3 5 of this Award Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common 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: Stock Unit Award Agreement (Xenoport Inc), Stock Unit Award Agreement (Xenoport Inc)

Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Stock Units which vest, you shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 2 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 Award Agreement (Caliper Life Sciences Inc)

Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Performance Stock Units which vest, you shall will be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 4 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 Stock Unit Award Agreement (Gran Tierra Energy Inc.)

Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Stock Units which vest, you shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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: Incentive Plan Stock Unit Award Agreement (Xenoport Inc)

Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Stock Units which that vest, you shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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: Stock Unit Award Agreement (Xenoport Inc)

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Unsecured Obligation. Your Award is unfunded, and even as to 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 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 2 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 Award Agreement (Caliper Life Sciences Inc)

Unsecured Obligation. Your This Award is unfunded, and even as to any Restricted Stock Units which PSUs that vest, you Participant shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue Common Stock pursuant to this Agreement. You Participant shall not have voting or any other rights as a stockholder of the Company with respect to the any Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you Participant will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 Participant and the Company or any other person.

Appears in 1 contract

Samples: Performance Stock Award Agreement (Broadsoft, Inc.)

Unsecured Obligation. Your This Award is unfunded, and even as to any Restricted Stock Units which RSUs that vest, you Participant shall be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue Common Stock pursuant to this Agreement. You Participant shall not have voting or any other rights as a stockholder of the Company with respect to the any Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 of this Agreement. Upon such issuance, you Participant will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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 Participant and the Company or any other person.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Broadsoft Inc)

Unsecured Obligation. Your Award is unfunded, and even as to any Restricted Deferred Stock Units which vest, you shall will be considered an unsecured creditor of the Company with respect to the Company's ’s obligation, if any, to issue 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 Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you pursuant to Section 3 4 of this Agreement. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the Common Stock so issued. 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: Stock Unit Award Agreement (Gran Tierra Energy Inc.)

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