Common use of Company’s Obligation to Pay Clause in Contracts

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Ellie Mae Inc), Restricted Stock Unit Award Agreement (Ellie Mae Inc), Restricted Stock Unit Award Agreement (Micrel Inc)

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Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value fair market value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, the Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 4 contracts

Samples: Restricted Share Unit Award Agreement (InMode Ltd.), Restricted Share Unit Award Agreement (InMode Ltd.), Restricted Share Unit Award Agreement (Mellanox Technologies, Ltd.)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock an Ordinary Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 3 contracts

Samples: Restricted Share Unit Award Agreement (Avago Technologies LTD), Restricted Stock Unit Award Agreement (Avago Technologies LTD), Restricted Share Unit Award Agreement (Avago Technologies LTD)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Electronics for Imaging Inc), Restricted Stock Unit Award Agreement (Electronics for Imaging Inc)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment receive any Common Shares in respect of any such RSUs. Prior to actual payment delivery of Common Shares for any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (QLT Inc/Bc), Restricted Stock Unit Award Agreement (QLT Inc/Bc)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment with respect to any of any such the RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an Exhibit 10.35 unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Employment Agreement (Spirit Airlines, Inc.)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II 2 hereof, Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (ASGN Inc)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock an Ordinary Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.. 2 2.3

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value fair market value of a share of Common Stock (“Share”) on the date it becomes vestedthat the RSU is granted. Unless and until the RSUs will have vested in the manner set forth in Article II hereofparagraphs 4, Participant 5 or 6, the Employee will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation obligation. Payment of the Company, payable (if at all) only from the general assets of the Companyany vested RSUs shall be made in whole Shares only.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Fei Co)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment with respect to any of any such the RSUs. Prior to Exhibit 10.3 actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vestedthe Shares subject thereto are distributed. Unless and until the RSUs will have vested in the manner set forth in Article II hereofparagraphs 4 and 5, Participant the Employee will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of right to acquire Shares in the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Xyratex LTD)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment of any such with respect to the RSUs. Prior to actual Exhibit 10.5 payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.)

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Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vested. Subject to the terms of this Agreement and the Plan, each RSU, to the extent it is earned and becomes vested, represents the right to receive one Share upon payment. Unless and until the RSUs will have vested in the manner set forth in this Article II hereofII, Participant will have no right to payment with respect to any of any such the RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unfunded and unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.. 1009809082v4

Appears in 1 contract

Samples: Restricted Stock (Spirit Airlines, Inc.)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, Participant will have no right to payment with respect to any of any such the RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Spirit Airlines, Inc.)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value fair market value of a share of Common Stock Share on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereof, the Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.. 2.3

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock Company common stock (“Share”) on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereofparagraphs 3 and 4, the Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Silicon Valley Bancshares)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereofvested, Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Calix, Inc)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock on the date it becomes vestedthe shares subject thereto are distributed. Unless and until the RSUs will have vested in the manner set forth in Article II hereofparagraphs 4 and 5, Participant the Employee will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Cv Therapeutics Inc)

Company’s Obligation to Pay. Each RSU has a value equal to the Fair Market Value of a share of Common Stock on the date it becomes vested. Unless and until the RSUs will have vested in the manner set forth in Article II hereofhereof and subject to Section 3.16 herein (Undertaking for Tax Purposes), Participant will have no right to payment of any such RSUs. Prior to actual payment of any vested RSUs, such RSUs will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Electronics for Imaging Inc)

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