Common use of Limitation on Obligations Clause in Contracts

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Sealy Corp), Restricted Stock Award Agreement (Great North Imports, LLC), Restricted Stock Award Agreement (ITC Holdings Corp.)

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Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays delay in issuing the share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (ITC Holdings Corp.), Restricted Stock Award Agreement (ITC Holdings Corp.), Restricted Stock Award Agreement (ITC Holdings Corp.)

Limitation on Obligations. The CompanyCorporation’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company Corporation become obligated to pay cash in respect of such obligation. This Restricted Stock Award Agreement shall not be secured by any specific assets of the Company Corporation or any of its Subsidiaries, nor shall any assets of the Company Corporation or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the CompanyCorporation’s obligations under this Award Agreement. In addition, the Company Corporation shall not be liable to the Grantee for damages relating to any delays in issuing the share stock certificates to him the Grantee (or his Grantee’s designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Perceptron Inc/Mi), Restricted Stock Award Agreement (Perceptron Inc/Mi), Restricted Stock Award Agreement (Perceptron Inc/Mi)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Executive of shares of Common Stock Shares on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiariessubsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Executive for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Bristol West Holdings Inc), Restricted Stock Award Agreement (Bristol West Holdings Inc), Restricted Stock Award Agreement (Bristol West Holdings Inc)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays delay in issuing the shares or share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the shares or certificates themselves.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Rockwell Medical, Inc.), Restricted Stock Award Agreement (Rockwell Medical Technologies Inc), Restricted Stock Award Agreement (Rockwell Medical, Inc.)

Limitation on Obligations. The Company’s 's obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock Shares on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiariessubsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s 's obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Bristol West Holdings Inc), Restricted Stock Award Agreement (Bristol West Holdings Inc), Restricted Stock Award Agreement (Bristol West Holdings Inc)

Limitation on Obligations. The CompanyCorporation’s obligation with respect to the Restricted Stock Share granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock Shares on the date when such shares are due to be delivered hereunder, and in no way shall the Company Corporation become obligated to pay cash in respect of such obligation. This Restricted Stock Award Agreement shall not be secured by any specific assets of the Company Corporation or any of its Subsidiaries, nor shall any assets of the Company Corporation or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the CompanyCorporation’s obligations under this Award Agreement. In addition, the Company Corporation shall not be liable to the Grantee for damages relating to any delays in issuing the share certificates to him the Grantee (or his Grantee’s designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 3 contracts

Samples: Restricted Share Award Agreement (DJSP Enterprises, Inc.), Restricted Share Award Agreement (DJSP Enterprises, Inc.), Restricted Share Award Agreement (DJSP Enterprises, Inc.)

Limitation on Obligations. The CompanyCorporation’s obligation with respect to the Restricted Stock Performance Share Units granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company Corporation become obligated to pay cash in respect of such obligation. This Restricted Stock Award Agreement shall not be secured by any specific assets of the Company Corporation or any of its Subsidiaries, nor shall any assets of the Company Corporation or any of its subsidiaries Subsidiaries be designated as attributable or allocated to the satisfaction of the CompanyCorporation’s obligations under this Award Agreement. In addition, the Company Corporation shall not be liable to the Grantee for damages relating to any delays in issuing the share stock certificates to him the Grantee (or his Grantee’s designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 3 contracts

Samples: Performance Share Unit Award Agreement (Perceptron Inc/Mi), Performance Share Unit Award Agreement (Perceptron Inc/Mi), Performance Share Unit Award Agreement for Jay Freeland (Perceptron Inc/Mi)

Limitation on Obligations. The CompanyCorporation’s obligation with respect to the Restricted Stock Units granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company Corporation become obligated to pay cash in respect of such obligation. This Restricted Stock Award Agreement shall not be secured by any specific assets of the Company Corporation or any of its Subsidiaries, nor shall any assets of the Company Corporation or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the CompanyCorporation’s obligations under this Award Agreement. In addition, the Company Corporation shall not be liable to the Grantee for damages relating to any delays in issuing the share stock certificates to him the Grantee (or his Grantee’s designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Perceptron Inc/Mi), Restricted Stock Unit Award Agreement (Perceptron Inc/Mi), Restricted Stock Unit Award Agreement (Perceptron Inc/Mi)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock Shares on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiariessubsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Bristol West Holdings Inc), Restricted Stock Award Agreement (Bristol West Holdings Inc), Restricted Stock Award Agreement (Bristol West Holdings Inc)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock Shares on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiariessubsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Bristol West Holdings Inc), Restricted Stock Award Agreement (Bristol West Holdings Inc)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock Performance Shares granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays delay in issuing the shares or share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the shares or certificates themselves.

Appears in 1 contract

Samples: Performance Share Award Agreement (Rockwell Medical, Inc.)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Jostens Holding Corp)

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Limitation on Obligations. The Company’s 's obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s 's obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays delay in issuing the share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (ITC Holdings Corp.)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock Performance Shares granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries Subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays delay in issuing the share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 1 contract

Samples: Performance Share Award Agreement (ITC Holdings Corp.)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Director of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Director for damages relating to any delays delay in issuing the shares or share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the shares or certificates themselves.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Rockwell Medical, Inc.)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays delay in issuing the share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (ITC Holdings Corp.)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee Employee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries Subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Employee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Visant Holding Corp)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its SubsidiariesService Recipient, nor shall any assets of the Company or any of its subsidiaries Service Recipient be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Us Foods, Inc.)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock Performance Shares granted hereunder is limited solely to the delivery to the Grantee Director of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee Director for damages relating to any delays delay in issuing the shares or share certificates to him (or his designated entities)certificates, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the shares or certificates themselves.

Appears in 1 contract

Samples: Performance Share Award Agreement (Rockwell Medical, Inc.)

Limitation on Obligations. The Company’s obligation with respect to the Restricted Stock Units granted hereunder is limited solely to the delivery to the Grantee of shares of Common Stock on the date when such shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in respect of such obligation. This Restricted Stock Unit Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its subsidiaries Subsidiaries be designated as attributable or allocated to the satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Grantee for damages relating to any delays in issuing the share certificates to him (or his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Energy Future Holdings Corp /TX/)

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