Common use of Unsecured Promise Clause in Contracts

Unsecured Promise. The RSUs will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets.

Appears in 10 contracts

Samples: Employment Agreement (Virgin Galactic Holdings, Inc), Restricted Share Unit Agreement (F-Star Therapeutics, Inc.), Employment Agreement (Beauty Health Co)

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Unsecured Promise. The RSUs and Dividend Equivalents will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets.

Appears in 4 contracts

Samples: Restricted Stock Unit Grant (Switch, Inc.), Restricted Stock Unit Agreement (Novan, Inc.), Global Restricted Stock Unit Agreement (Kla Corp)

Unsecured Promise. The RSUs and Distribution Equivalents will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (BioXcel Therapeutics, Inc.)

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Unsecured Promise. The RSUs will at all times prior to settlement represent an unsecured Company obligation payable only from the Company’s general assets. ARTICLE II.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Bird Global, Inc.)

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