Unsecured Obligation. The award of Restricted Stock Units pursuant to this Award Agreement is unfunded, and the Participant shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or make any payment pursuant to this Award Agreement. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between the Participant and the Company or any other person.
Appears in 26 contracts
Samples: Award Agreement (BurgerFi International, Inc.), Restricted Stock Unit Agreement (BurgerFi International, Inc.), Restricted Stock Unit Agreement (BurgerFi International, Inc.)
Unsecured Obligation. The award Award of Restricted Stock Units pursuant to this Award Agreement is unfunded, and the Participant shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or make any payment pursuant to this Award Agreement. Nothing contained in this Award Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between the Participant you and the Company or any other person.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Pacific Premier Bancorp Inc), Restricted Stock Unit Agreement (Pacific Premier Bancorp Inc), Restricted Stock Unit Agreement (Pacific Premier Bancorp Inc)
