Common use of Award Unfunded Clause in Contracts

Award Unfunded. The Granted Units represent an unfunded promise. The Grantee’s rights with respect to the Granted Units are no greater than the rights of a general unsecured creditor of the Company.

Appears in 85 contracts

Samples: www.sec.gov, www.sec.gov, www.sec.gov

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Award Unfunded. The Granted Units represent an unfunded promise. The Grantee’s 's rights with respect to the Granted Units are no greater than the rights of a general unsecured creditor of the Company.

Appears in 7 contracts

Samples: Stock Award Agreement (Comverse Technology Inc/Ny/), Stock Award Agreement (Comverse Technology Inc/Ny/), Employment Agreement (Comverse Technology Inc/Ny/)

Award Unfunded. The Granted Units represent an unfunded promise. The GranteeParticipant’s rights with respect to the Granted Units are no greater than the rights of a general unsecured creditor of the Company.

Appears in 1 contract

Samples: 2012 Stock Incentive Compensation Plan (Comverse, Inc.)

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Award Unfunded. The Granted Units and dividend equivalents credited to the Grantee represent an unfunded promise. The Grantee’s rights with respect to the Granted Units are no greater than the rights of a general unsecured creditor of the Company.

Appears in 1 contract

Samples: Agreement (Silicon Graphics Inc)

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