Common use of General Assets Clause in Contracts

General Assets. All amounts credited to the Grantee’s Account under this Agreement shall continue for all purposes to be part of the general assets of the Company. The Grantee’s interest in the Account shall make the Grantee only a general, unsecured creditor of the Company.

Appears in 6 contracts

Sources: Restricted Stock Unit Agreement (Max Capital Group Ltd.), Restricted Stock Unit Agreement (Max Capital Group Ltd.), Restricted Stock Unit Agreement (Max Capital Group Ltd.)

General Assets. All amounts credited to the Grantee’s Account under this Agreement shall continue for all purposes to be part of the general assets of the Company. The Grantee’s interest in the Account shall make the Grantee only a general, unsecured creditor of the Company.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Daybreak Oil & Gas Inc)