Common use of General Assets Clause in Contracts

General Assets. All amounts credited in respect of the PSUs to the book-entry account under this Agreement shall continue for all purposes to be part of the general assets of the Company. The Participant’s interest in such account shall make the Participant only a general, unsecured creditor of the Company.

Appears in 16 contracts

Sources: Performance Based Restricted Stock Unit Award Agreement (AP VIII Queso Holdings, L.P.), Performance Based Restricted Stock Unit Award Agreement (AP VIII Queso Holdings, L.P.), Performance Based Restricted Stock Unit Award Agreement (AP VIII Queso Holdings, L.P.)

General Assets. All amounts credited in respect of the PSUs to the book-entry account under this Agreement Agreement, including pursuant to Section 3 hereof, shall continue for all purposes to be part of the general assets of the Company. The Participant’s interest in such account shall make the Participant only a general, unsecured creditor of the Company.

Appears in 2 contracts

Sources: Performance Based Restricted Stock Unit Award Agreement (Driven Brands Holdings Inc.), Performance Based Restricted Stock Unit Award Agreement (Driven Brands Holdings Inc.)

General Assets. All amounts credited in respect of the PSUs to the book-entry account under this Award Agreement shall continue for all purposes to be part of the general assets of the Company. The Participant’s interest in such account shall make the Participant only a general, unsecured creditor of the Company.

Appears in 1 contract

Sources: Psu Award Agreement (Terawulf Inc.)