Common use of Unfunded Promise Clause in Contracts

Unfunded Promise. The Employee’s right to receive payment of any amounts under this Agreement shall be an unfunded entitlement and shall be an unsecured claim against the general assets of the Company.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Nicor Inc), Restricted Stock Unit Agreement (Nicor Inc), Restricted Stock Unit Agreement (Nicor Inc)

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Unfunded Promise. The Employee’s right to receive payment of any amounts under this Agreement shall be an unfunded entitlement and shall be an unsecured claim against the general assets of the Company.

Appears in 1 contract

Samples: Deferred Restricted Stock Agreement (Nicor Inc)

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