No Funding. This Award Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Stock in the future in accordance with its terms. You have the status of a general unsecured creditor of the Company as a result of receiving the grant of Restricted Stock Units.
No Funding. Yale will provide the Data (see Section 2, Data) at no cost to Data User. However, Data User shall bear its own costs regarding the conduct of the Research.
No Funding. The Employer shall be under no obligation whatsoever to purchase or maintain any contract, policy, arrangement or other asset to provide the benefits under this Agreement. Further, any contract, policy, arrangement, or other asset which the Employer may utilize to assure itself of the funds to provide the benefits
No Funding. The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of funds or assets to ensure the payment of any Award.
No Funding. This Agreement constitutes an unfunded and unsecured promise by the Company to issue shares of Common Stock in the future in accordance with its terms. You have the status of a general unsecured creditor of the Company as a result of receiving the grant of PSUs.
No Funding. The Company shall pay the consulting fee from current operating funds. No property of the Company is or shall be, by reason of this Agreement, held in trust for Consultant, nor shall Consultant have any interest in, or any lien or prior claim on, any property of the Company by reason of this Agreement or the Company’s obligation to make a payment hereunder.
No Funding. The right of Employee under this Agreement shall be that of a general creditor of the Company and Employee shall have no preferred claims on, or any beneficial ownership in, the assets of the Company.
No Funding. Any payments to be made under Section 4 shall represent an unfunded and unsecured obligation of the Corporation, which shall represent an unfunded and unsecured obligation of the Corporation’s general assets. The Employee shall be considered a general creditor of the Corporation and shall have no rights to any segregated funds or property of the Corporation.
No Funding. This Agreement shall be unfunded. Professionals Group shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the vesting of any of the Shares; provided, however, that Professionals Group has reserved for issuance pursuant to this Agreement that number of shares of Professionals Group Common Stock that is equivalent to the number of shares of Professionals Group Common Stock granted and allocated to Consultant pursuant to this Agreement.
No Funding. The Plan constitutes a mere promise by the Employer to make payments in accordance with the terms of the Plan, and Participants and beneficiaries shall have the status of general unsecured creditors of the Employer. Nothing in the Plan will be construed to give any employee or any other person rights to any specific assets of the Employer or of any other person. In all events, it is the intent of the Employer that the Plan be treated as unfunded For tax purposes and for purposes of Title I of ERISA.
