Limitations on Rights. The Restricted Stock Units do not provide the Grantee with any rights of a stockholder of the Company. The Grantee shall have no rights as a stockholder of the Company, no rights to regular, periodic cash dividends or dividend equivalents and no voting rights with respect to the Restricted Stock Units or any Shares issuable in respect of such Restricted Stock Units, until Shares, if any, are actually delivered to and held of record by the Grantee. Until any Restricted Stock Units are actually paid, the Restricted Stock Units will be unfunded, unsecured obligations of the Company.
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Itt Educational Services Inc), Equity Compensation Plan (Itt Educational Services Inc), Restricted Stock Unit Award Agreement (Itt Educational Services Inc)
Limitations on Rights. The Restricted Stock Units do not provide the Grantee with any rights of a stockholder shareholder of the Company. The Grantee shall have no rights as a stockholder shareholder of the Company, no rights to regular, periodic cash dividends or dividend equivalents and no voting rights with respect to the Restricted Stock Units or any Shares issuable in respect of such Restricted Stock Units, until Shares, if any, are actually delivered to and held of record by the Grantee. Until any Restricted Stock Units are actually paid, the Restricted Stock Units will be unfunded, unsecured obligations of the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Interactive Intelligence Inc)
