Common use of Limitations on Rights Associated with Units Clause in Contracts

Limitations on Rights Associated with Units. The Participant shall have no rights as a stockholder of Air Group, no dividend rights and no voting rights, with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units until such shares of Common Stock are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the stock certificate.

Appears in 4 contracts

Samples: Stock Unit Award Agreement (Alaska Air Group Inc), Performance Stock Unit Award Agreement (Alaska Air Group Inc), Performance Stock Unit Award Agreement (Alaska Air Group Inc)

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