No Trust or Fund Created. Neither this Agreement nor the grant of this Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and the Participant or any other person. The Performance Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue Shares to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company pursuant to this Agreement, that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 8 contracts
Samples: Smith & Wesson Brands, Inc., American Outdoor Brands, Inc., Smith & Wesson Brands, Inc.
No Trust or Fund Created. Neither this Agreement nor the grant of this Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and the Participant or any other person. The Performance Restricted Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue Shares to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company pursuant to this Agreement, that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 8 contracts
Samples: Smith & Wesson Brands, Inc., Smith & Wesson Brands, Inc., American Outdoor Brands, Inc.
No Trust or Fund Created. Neither this Agreement nor the grant of this the Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and the Participant or any other person. The Performance Deferred Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue Shares Stock to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company pursuant to this Agreement, that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 7 contracts
Samples: Stock Unit Award Agreement (SYNAPTICS Inc), Stock Award Agreement (SYNAPTICS Inc), Stock Unit Award Agreement (SYNAPTICS Inc)
No Trust or Fund Created. Neither this Agreement nor the grant of this the Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and the Participant or any other person. The Performance Restricted Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue Shares Stock to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company pursuant to this Agreement, that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (YouChange Holdings Corp), Restricted Stock Unit Award Agreement (Smith & Wesson Holding Corp), Smith & Wesson Holding Corp
No Trust or Fund Created. Neither this Agreement nor the grant of this the Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and the Participant or any other person. The Performance Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue Shares Stock to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company pursuant to this Agreement, that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 1 contract
Samples: Plan Stock Unit Award Agreement (Gametech International Inc)
No Trust or Fund Created. Neither this Agreement nor the grant of this the Award shall create or be construed to create a trust or separate separate; fund of any kind or a fiduciary relationship between the Company and the Participant or any other person. The Performance Restricted Stock Units subject to this Agreement represent only the Company’s unfunded and unsecured promise to issue Shares Stock to the Participant in the future. To the extent that the Participant or any other person acquires a right to receive payments from the Company pursuant to this Agreement, that right shall be no greater than the right of any unsecured general creditor of the Company.
Appears in 1 contract
Samples: Incentive Stock Plan (Marinemax Inc)
