Unsecured Obligation. Your Award is unfunded and you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Shares pursuant to this Award Agreement. You will not have voting or any other rights as a stockholder of the Company with respect to the Common Shares subject to your Award until such Common Shares are delivered to you pursuant to Section 4 of this Award Agreement. Upon such delivery, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.
Appears in 4 contracts
Sources: Employment Agreement (Valeant Pharmaceuticals International, Inc.), Matching Restricted Stock Unit Award Agreement (Valeant Pharmaceuticals International, Inc.), Matching Restricted Stock Unit Award Agreement (Valeant Pharmaceuticals International, Inc.)
Unsecured Obligation. Your Award is unfunded and you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Shares pursuant to this Award Agreement. You will not have voting or any other rights as a stockholder of the Company with respect to the Common Shares subject to your Award until such Common Shares are delivered to you pursuant to Section 4 3 of this Award Agreement. Upon such delivery, you will obtain full voting and other rights as a stockholder of the Company. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.
Appears in 4 contracts
Sources: Employment Agreement (Valeant Pharmaceuticals International, Inc.), Restricted Stock Unit Award Agreement (Valeant Pharmaceuticals International, Inc.), Make Whole Award Agreement (Valeant Pharmaceuticals International, Inc.)
Unsecured Obligation. Your Award is unfunded unfunded, and as a holder of a vested Share Unit, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Shares pursuant to this Award Agreement. You will not have voting or any other rights as a stockholder shareholder of the Company with respect to the Common Shares subject to your Award until such Common Shares are delivered issued to you pursuant to Section 4 3 of this Award Agreement. Upon such deliveryissuance, you will obtain full voting and other rights as a stockholder shareholder of the Company. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.
Appears in 3 contracts
Sources: Share Unit Grant Agreement (Bausch Health Companies Inc.), Share Unit Grant Agreement (Valeant Pharmaceuticals International, Inc.), Share Unit Grant Agreement (Valeant Pharmaceuticals International, Inc.)
Unsecured Obligation. Your Award is unfunded unfunded, and as a holder of a vested Share Unit, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Shares pursuant to this Award Agreement. You will not have voting or any other rights as a stockholder shareholder of the Company with respect to the Common Shares subject to your Award until such Common Shares are delivered to you pursuant to Section 4 3 of this Award Agreement. Upon such deliverydeliver, you will obtain full voting and other rights as a stockholder shareholder of the Company. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.
Appears in 2 contracts
Sources: Share Unit Grant Agreement (Bausch & Lomb Corp), Share Unit Grant Agreement (Bausch & Lomb Corp)
Unsecured Obligation. Your Award is unfunded unfunded, and as a holder of a vested Restricted Stock Unit, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Shares pursuant to this Award Agreement. You will not have voting or any other rights as a stockholder shareholder of the Company with respect to the Common Shares subject to your Award until such Common Shares are delivered to you pursuant to Section 4 3 of this Award Agreement. Upon such delivery, you will obtain full voting and other rights as a stockholder shareholder of the Company. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.
Appears in 1 contract
Sources: Restricted Stock Unit Agreement (Bausch Health Companies Inc.)
Unsecured Obligation. Your The Award is unfunded unfunded, and as a holder of a vested Award, you will be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Shares Property pursuant to this Award Agreement. You will not have voting or any other rights as a stockholder of the Company with respect to the Common Shares subject Property to your Award be issued pursuant to this Agreement until such Common Shares are delivered Property is issued to you pursuant to Section 4 5 of this Award Agreement. Upon Agreement and only to the extent that such delivery, you will obtain full voting and other rights as a stockholder of the CompanyProperty provides such rights. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person.
Appears in 1 contract
Sources: Restricted Securities Unit Grant (Cardlytics, Inc.)