Common use of Limitation on Participant’s Rights Clause in Contracts

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.

Appears in 25 contracts

Samples: Restricted Stock (GoHealth, Inc.), Restricted Stock Unit Agreement (Shift4 Payments, Inc.), Restricted Stock (GCM Grosvenor Inc.)

AutoNDA by SimpleDocs

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of right to receive Shares as a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsOption, as and when exercised pursuant to the terms hereof.

Appears in 25 contracts

Samples: Stock Option Grant Notice And (Funko, Inc.), Stock Option Agreement (Lemonade, Inc.), Stock Option Grant Notice And (Lemonade, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsRSUs and Dividend Equivalents.

Appears in 14 contracts

Samples: Notice and Restricted Stock Unit Agreement (Acamar Partners Acquisition Corp.), Notice and Agreement (Li-Cycle Holdings Corp.), Grant Notice and Agreement (Li-Cycle Holdings Corp.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.

Appears in 9 contracts

Samples: Restricted Stock Award Agreement (BJ's Wholesale Club Holdings, Inc.), Restricted Stock Award Letter Agreement (BJ's Wholesale Club Holdings, Inc.), Restricted Stock Award Letter Agreement (BJ's Wholesale Club Holdings, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsShares issuable hereunder.

Appears in 8 contracts

Samples: Restricted Stock Award Agreement (Tivo Inc), Restricted Stock Award Agreement (Tivo Inc), Restricted Stock Award Agreement (Electronics for Imaging Inc)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsShares issuable hereunder.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (William Lyon Homes), Restricted Stock Award Agreement (Verso Paper Corp.), Restricted Stock Award Agreement (William Lyon Homes)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Endeavor Group Holdings, Inc.), Restricted Stock Unit Award Agreement (TKO Group Holdings, Inc.), Restricted Stock Unit Award Agreement (TKO Group Holdings, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsShares.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Essent Group Ltd.), Restricted Stock Agreement (Essent Group Ltd.), Restricted Stock Agreement (Essent Group Ltd.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive the Common Stock as a general unsecured creditor.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Mercury General Corp), Incentive Award Plan Restricted Stock (Golden Entertainment, Inc.), Restricted Stock Unit Award Agreement (Mercury General Corp)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.RSUs and Dividend Equivalents. Section 3.16

Appears in 3 contracts

Samples: Sprout Social, Inc., Sprout Social, Inc., Sprout Social, Inc.

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsOption or Option Shares.

Appears in 2 contracts

Samples: Stock Option Award Agreement (TKO Group Holdings, Inc.), Stock Option Award Agreement (Endeavor Group Holdings, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall may not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsAward.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Traeger, Inc.), Restricted Stock Award Agreement (Traeger, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive the Shares as a general unsecured creditor.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (LRAD Corp), Restricted Stock Unit Award Agreement (LRAD Corp)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsOption.

Appears in 2 contracts

Samples: Global Stock Option Agreement (Zogenix, Inc.), Stock Option Agreement (Zogenix, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.a

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Quiksilver Inc), Performance Restricted Stock Unit Award Agreement (Hcp, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.. Section 3.16

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Inspire Medical Systems, Inc.), Embark Technology, Inc.

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying programThe Plan, in and of itself, has any no assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.

Appears in 2 contracts

Samples: Notice and Restricted Stock Award Agreement (SeaSpine Holdings Corp), And Restricted Stock Award Agreement (SeaSpine Holdings Corp)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsAward.

Appears in 1 contract

Samples: Performance Stock Award Agreement (Axalta Coating Systems Ltd.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsAward, and rights no greater than the right to receive the Stock or cash as a general unsecured creditor.

Appears in 1 contract

Samples: Employment Agreement (Apricus Biosciences, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of right to receive Shares as a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.Option, as and when exercised pursuant to the terms hereof. ​

Appears in 1 contract

Samples: Stock Option Agreement (Lemonade, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsRestricted Shares issuable hereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Container Store Group, Inc.)

AutoNDA by SimpleDocs

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs, and rights no greater than the right to receive the Stock as a general unsecured creditor.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Apricus Biosciences, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsPSUs and Dividend Equivalents.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Axalta Coating Systems Ltd.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsAward, and rights no greater than the right to receive the Shares as a general unsecured creditor.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Conatus Pharmaceuticals Inc.)

Limitation on Participant’s Rights. Participation in the this Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.5

Appears in 1 contract

Samples: Equity Incentive Plan Performance Stock Unit Award Agreement (Molina Healthcare, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsPSUs.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Amneal Pharmaceuticals, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of arrangement between the Company as to amounts payable and Participant only and shall not be construed as creating a trusttrust for the benefit of Participant. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall will have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsShares.

Appears in 1 contract

Samples: Stock Issuance Award Agreement (3m Co)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, The Award has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect been granted to the RSUsParticipant in addition to, and not in lieu of, any other form of compensation otherwise payable or to be paid to the Participant.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Hcp, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any US-LEGAL-11455062/3 176283-0002 underlying program, in and of itself, has any assets. Participant shall have only the rights of right to receive Shares as a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsOption, as and when exercised pursuant to the terms hereof.

Appears in 1 contract

Samples: Notice and Agreement (Li-Cycle Holdings Corp.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsRestricted Stock Units, and rights no greater than the right to receive the Common Stock as a general unsecured creditor.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Shake Shack Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of right to receive Shares as a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.Option, as and when exercised pursuant to the terms hereof. 5.17

Appears in 1 contract

Samples: And Stock Option Agreement (Inspire Medical Systems, Inc.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general DC\4200813.6 unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUsAward.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Axalta Coating Systems Ltd.)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.Shares issuable hereunder. Rev. 03.28.2017

Appears in 1 contract

Samples: Restricted Stock Award Agreement (K12 Inc)

Limitation on Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates and the Grant Notice create only a contractual obligation on the part of the Company as to amounts payable the Restricted Shares issued and shall not be construed as creating a trusttrust or separate fund of any kind, or a fiduciary relationship between the Company, any parent of the Company, any Subsidiary or the Administrator, on the one hand, and Participant or other person or entity, on the other hand. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the RSUs.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Spirit Airlines, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.