Unfunded Rights. The right of the Participant to receive Common Stock pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.
Unfunded Rights. The right of the Recipient to receive Award Shares pursuant to this Award Agreement is an unfunded and unsecured obligation of the Company. The Recipient shall have no rights under this Award Agreement other than those of an unsecured general creditor of the Company.
Unfunded Rights. All rights of Executive and his spouse or other --------------- beneficiary under this Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of Corporation or Employer for payment of any amounts due hereunder. Neither Executive nor his spouse or other beneficiary shall have any interest in or rights against any specific assets of Corporation or Employer, and Executive and his spouse or other beneficiary shall have only the rights of a general unsecured creditor of Employer.
Unfunded Rights. The right of the Director to receive Shares pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Director shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.
Unfunded Rights. The right of the Participant to receive Common Stock pursuant to this agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this agreement other than those of an unsecured general creditor of the Company. Performance RSU (Double Trigger)
Unfunded Rights. The right of the Participant to receive Shares upon exercise of the Option pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Participant shall have no rights under this Agreement other than those of an unsecured general creditor of the Company.
Unfunded Rights. The right of the Recipient to receive Common Stock pursuant to this Agreement is an unfunded and unsecured obligation of the Company. The Recipient shall have no rights under these terms and conditions other than those of an unsecured general creditor of the Company. EXECUTED by the parties hereto as of the Grant Date. Avid Technology, Inc. /s/ Gxxx X. Xxxxxxxxxx Signature Gxxx X. Xxxxxxxxxx Name Chairman and Chief Executive Officer Title /s/ Kxxxxxx X. Xxxxxx Kxxxxxx X. Xxxxxx
