Common use of No Trust or Fund Created Clause in Contracts

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary and a Grantee or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Subsidiary.

Appears in 6 contracts

Samples: Award Agreement (Associated Banc-Corp), Peabody Energy Corp, Peabody Energy Corp

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No Trust or Fund Created. Neither the Plan nor any Award the Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Participant or any other Personperson. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Kodiak Oil & Gas Corp), Restricted Stock Agreement (Kodiak Oil & Gas Corp), Restricted Stock and Cash Award Agreement (Kodiak Oil & Gas Corp)

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company Corporation or any Subsidiary Affiliate, on one hand, and a Grantee Participant or any other Personperson, on the other. To the extent that any Person person acquires a right to receive payments from the Company Corporation or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company Corporation or any SubsidiaryAffiliate.

Appears in 5 contracts

Samples: 2007 Stock Option Plan (Simulations Plus Inc), Amended And (Akorn Inc), Akorn Inc

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company Company, the Partnership or any Subsidiary of their Affiliates, on the one hand, and a Grantee Participant or any other Person, on the other hand. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary pursuant to an Award, such right shall be no greater than the right of any general unsecured general creditor of the Company Partnership or any Subsidiaryparticipating Affiliate of the Partnership.

Appears in 5 contracts

Samples: Retention Agreement (MPLX Lp), Retention Agreement (MPLX Lp), Award Agreement (Marathon Petroleum Corp)

No Trust or Fund Created. Neither the Plan nor any Award the Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Employee or any other Personperson. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 5 contracts

Samples: Incentive Stock Option Agreement (Kodiak Oil & Gas Corp), Non Incentive Stock Option Agreement (Kodiak Oil & Gas Corp), Non Incentive Stock Option Agreement (Kodiak Oil & Gas Corp)

No Trust or Fund Created. Neither the Plan nor any Award the Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Employee or any other Person. To the extent that any Person Employee acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Awardthis Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Rochester Medical Corporation), Restricted Stock Award Agreement (Rochester Medical Corporation), Restricted Stock Award Agreement (Rochester Medical Corporation)

No Trust or Fund Created. Neither the Plan nor any Award award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary participating Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary participating Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured general creditor of the Company or any Subsidiaryparticipating Affiliate.

Appears in 2 contracts

Samples: Option Agreement (Linn Energy, LLC), Option Agreement (Linn Energy, LLC)

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company Partnership or any Subsidiary participating Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company Partnership or any Subsidiary participating Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured general creditor of the Company Partnership or any Subsidiaryparticipating Affiliate.

Appears in 2 contracts

Samples: Energy Transfer LP, Energy Transfer Partners, L.P.

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary and a Grantee grantee or any other Personperson. To the extent that any Person grantee or other person acquires a right to receive payments from the Company or any Subsidiary pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryCompany.

Appears in 2 contracts

Samples: Severance Agreement, Intelsat Global Holdings S.A.

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 2 contracts

Samples: Business Combination Agreement (Pioneer Merger Corp.), Moneygram International Inc

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any an unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Advanced Lighting Technologies Inc), Stock Purchase Agreement (Advanced Lighting Technologies Inc)

No Trust or Fund Created. Neither the Plan nor any this Award Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee the Participant or any other Personperson. To the extent that any Person person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Awardthis Award Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 2 contracts

Samples: Performance Unit Plan (Fuller H B Co), Performance Unit Plan (Fuller H B Co)

No Trust or Fund Created. Neither the this Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a any fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 1 contract

Samples: Omnibus Stock and Incentive Plan (CST Brands, Inc.)

No Trust or Fund Created. Neither the Plan nor any the Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 1 contract

Samples: Operating Agreement (Bluefly Inc)

No Trust or Fund Created. Neither the Plan nor any Award this Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary and a Grantee Participant or any other Personperson. To the extent that any Person Participant acquires a right to receive Shares or payments from the Company or any Subsidiary pursuant to an the Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Subsidiary.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Lawson Software, Inc.)

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Corporation and a Grantee grantee or any other Personperson. To the extent that any Person grantee or other person acquires a right to receive payments from the Company or any Subsidiary Corporation pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryCorporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Metastorm Inc)

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate, on one hand, and a Grantee Participant or any other Person, on the other. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Subsidiarysuch Affiliate.

Appears in 1 contract

Samples: Investment Agreement (Express-1 Expedited Solutions Inc)

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No Trust or Fund Created. Neither the Plan nor any an Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary and a Grantee Participant or any other Personperson. To the extent that any Person a Participant acquires a the right to receive payments from the Company or any Subsidiary pursuant to an Award, such right shall be no greater than the right of any general unsecured general creditor of the Company or any SubsidiaryCompany.

Appears in 1 contract

Samples: Halcon Resources Corp

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Participant or any other Personperson. To the extent that any Person person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 1 contract

Samples: Employment Agreement (Ascend Wellness Holdings, Inc.)

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary and a Grantee or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any such Subsidiary.

Appears in 1 contract

Samples: Diamond Resorts International, Inc.

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a anor, except the extent required by applicable federal law, any fiduciary relationship between the Company or any Subsidiary and a Grantee or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Subsidiary.

Appears in 1 contract

Samples: media.corporate-ir.net

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company Partnership or any Subsidiary Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company Partnership or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company Partnership or any SubsidiaryAffiliate.

Appears in 1 contract

Samples: Kinder Morgan Energy Partners L P

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee an Eligible Individual or any other Personperson. To the extent that any Person person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any Subsidiary.Affiliate. SC1:4982479.5

Appears in 1 contract

Samples: Cronos Group Inc.

No Trust or Fund Created. Neither the Plan nor any Award the Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary Affiliate and a Grantee Director or any other Personperson. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiaryAffiliate.

Appears in 1 contract

Samples: Non Incentive Stock Option Agreement (Kodiak Oil & Gas Corp)

No Trust or Fund Created. Neither the Plan nor any Award Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company (or any Subsidiary an Affiliate) and a Grantee Participant or any other Personperson. To the extent that any Person person acquires a right to receive payments from the Company (or any Subsidiary an Affiliate) pursuant to an Award, such right shall be no greater more secure than the right of any unsecured general creditor of the Company (or any Subsidiarythe Affiliate, as applicable).

Appears in 1 contract

Samples: AOL Inc.

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary or Affiliate and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary or Affiliate pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiarySubsidiary or Affiliate.

Appears in 1 contract

Samples: Restricted Stock Agreement (FNB United Corp.)

No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Subsidiary or Affiliate of the Company and a Grantee Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Subsidiary or Affiliate of the Company pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or any SubsidiarySubsidiary or Affiliate of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement

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