Common use of Company’s Obligation to Pay Clause in Contracts

Company’s Obligation to Pay. On any date, a Restricted Stock Unit has a value equal to the Fair Market Value of one Share. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule set forth on the first page of this Agreement, the Employee will have no right to payment of the Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, Restricted Stock Units represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 18 contracts

Samples: Restricted Stock Unit Agreement (Quantum Corp /De/), Restricted Stock Unit Agreement (Quantum Corp /De/), Restricted Stock Unit Agreement (Quantum Corp /De/)

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Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has a value equal to the Fair Market Value of one Sharea Share on the date that the Restricted Stock Unit is granted. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin paragraphs 3 through 5, the Employee will have no right to payment of the such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation obligation. Payment of the Company, payable (if at all) only from the general assets of the Companyany vested Restricted Stock Units will be made in whole Shares only.

Appears in 11 contracts

Samples: Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has represents a value equal to the Fair Market Value of one Sharea Share on the date it becomes vested. Unless and until the Restricted Stock Units will have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin Sections 2 and 3, the Employee Grantee will have no right to payment of the any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 7 contracts

Samples: Restricted Stock Unit Agreement (Maxim Integrated Products Inc), Restricted Stock Unit Agreement, Restricted Stock Unit Agreement

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has a value equal to the Fair Market Value of one Sharea Share on the date it becomes vested. Unless and until the Restricted Stock Units will have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin Sections 3 and 4, the Employee Participant will have no right to payment of the any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/), Restricted Stock Unit Award Agreement (National Instruments Corp /De/)

Company’s Obligation to Pay. On any date, a Restricted Stock Unit has a value equal to the Fair Market Value of one Share. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule set forth on the first page of this Agreement, the Employee Director will have no right to payment of the Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, Restricted Stock Units represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Quantum Corp /De/), Restricted Stock Unit Agreement (Quantum Corp /De/), Restricted Stock Unit Agreement (Quantum Corp /De/)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has a value equal to the Fair Market Value of one Sharea Share on the date of grant. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin paragraphs 4 or 5, the Employee Grantee will have no right to payment of the such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unfunded and unsecured obligation of the Company, payable (if at all) only from the general assets . Payment of the Companyany vested Restricted Stock Units will be made in Shares only.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Gartner Inc), Incentive Plan Restricted Stock Unit Agreement (Gartner Inc), Restricted Stock Unit Agreement (Gartner Inc)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has a value equal to the Fair Market Value of one Sharea Share on the date of grant. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin paragraphs 4 or 5, the Employee Grantee will have no right to payment of the such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation obligation. Payment of the Company, payable (if at all) only from the general assets of the Companyany vested Restricted Stock Units will be made in Shares.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Oclaro, Inc.), Restricted Stock Unit Agreement (Avanex Corp), Restricted Stock Unit Agreement (Avanex Corp)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has a value equal to the Fair Market Value of one Sharea Share on the date of grant. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin paragraphs 4, 5 or 6, the Employee Grantee will have no right to payment of the such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Companyobligation.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Oclaro, Inc.), Restricted Stock Unit Agreement (Avanex Corp), Restricted Stock Unit Agreement (Avanex Corp)

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Company’s Obligation to Pay. On any date, a Restricted Stock Unit has a value equal to the Fair Market Value of one Share. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule set forth on the first page cover notice of this Agreement, the Employee will have no right to payment of the Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, Restricted Stock Units represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Quantum Corp /De/), Restricted Stock Unit Agreement (Quantum Corp /De/)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has represents a value equal to the Fair Market Value of one Sharea Share on the date it becomes vested. Unless and until the Restricted Stock Units will have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin Sections 3 and 4 below, the Employee Participant will have no right to payment of the any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Align Technology Inc), Restricted Stock Unit Agreement (Align Technology Inc)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has represents a value equal to the Fair Market Value of one Sharea Share on the date it becomes vested. Unless and until the Restricted Stock Units will have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin Sections 2, the Employee 4, and 5 Grantee will have no right to payment of the any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Maxim Integrated Products Inc)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has a value equal to the Fair Market Value of one Sharea Share on the date of grant. Unless and until the Restricted Stock Units have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin paragraphs 4 or 5, the Employee Grantee will have no right to payment of the such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets . Payment of the Companyany vested Restricted Stock Units will be made in Shares.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Gartner Inc)

Company’s Obligation to Pay. On any date, a Each Restricted Stock Unit has represents a value equal to the Fair Market Value of one Sharea Share on the date it becomes vested. Unless and until the Restricted Stock Units will have vested in accordance with the Vesting Schedule manner set forth on the first page of this Agreementin Sections 2, the Employee 4, 5 and 6 Grantee will have no right to payment of the any such Restricted Stock Units. Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Units Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Maxim Integrated Products Inc)

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