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

Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive, on the Vesting Date, one Share for each vested Restricted Stock Unit. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix A and B, the Grantee will have no right to receive settlement of Shares underlying such Restricted Stock Units. Prior to the settlement of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made in Shares.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Td Ameritrade Holding Corp), Restricted Stock Unit Agreement (Td Ameritrade Holding Corp), Restricted Stock Unit Agreement (Td Ameritrade Holding Corp)

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Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive, on the Vesting Settlement Date, one Share of Company Stock for each vested Restricted Stock Unit. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix A and Bparagraphs 4 or 5, the Grantee will have no right to receive settlement the payment of Shares underlying such Restricted Stock Units. Prior to the settlement actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made in Shares.

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Agreement (Td Ameritrade Holding Corp), Restricted Stock Unit Agreement (Td Ameritrade Holding Corp), Restricted Stock Unit Agreement (Td Ameritrade Holding Corp)

Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive, on the Vesting Date, one Share for each vested Restricted Stock Unit. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix A and B, the Grantee will have no right to receive the settlement of Shares underlying such Restricted Stock Units. Prior to the settlement of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made in Shares.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Thinkorswim Group Inc.), Restricted Stock Unit Agreement (Thinkorswim Group Inc.)

Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive, on the Vesting Settlement Date, one Share for each vested Restricted Stock Unit. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix A and B, the Grantee will have no right to receive settlement of Shares underlying such Restricted Stock Units. Prior to the settlement of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made in Shares.

Appears in 1 contract

Samples: Director Restricted Stock Unit Agreement (Td Ameritrade Holding Corp)

Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive, on the Vesting Date, receive one Share for each vested Restricted Stock UnitUnit pursuant to the terms and conditions of this Agreement. Unless and until the Restricted Stock Units will have vested in the manner set forth in this Agreement and Appendix A and Bthe Agreement, the Grantee Employee will have no right to receive settlement payment of Shares underlying any such Restricted Stock Units. Prior to the settlement actual payment of any vested Restricted Stock Units, such Restricted Stock Units Unit will represent an unsecured obligationobligation of the Company, payable (if at all) only from the general assets of the Company. Payment of any vested Restricted Stock Units will be made in Shareswhole Shares only.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Tibco Software Inc)

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Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive, on the Vesting Date, one Share for each vested Restricted Stock Unit. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix Appendices A and B, the Grantee will have no right to receive settlement of Shares underlying such Restricted Stock Units. Prior to the settlement of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made in Shares.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Td Ameritrade Holding Corp)

Company’s Obligation to Pay. Each Restricted Stock Unit represents a right to receive, on the Vesting Settlement Date, one Share for each vested Restricted Stock Unit. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement and Appendix A and B, the Grantee will have no right to receive settlement of Shares underlying such Restricted Stock Units. Prior to the settlement of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation. Payment of any vested Restricted Stock Units will be made in Shares. 4.

Appears in 1 contract

Samples: Director Restricted Stock Unit Agreement (Td Ameritrade Holding Corp)

Company’s Obligation to Pay. Each Restricted Stock Unit represents a the right to receive, on receive the Vesting Date, value of one (1) Share for each vested at the time the Restricted Stock UnitUnit vests. Unless and until the Restricted Stock Units have vested in the manner set forth in this Agreement paragraphs 3 and Appendix A and B4, or Sections 4.4 or 12.10 of the Plan, the Grantee will have no right to receive settlement payment of Shares underlying such Restricted Stock Units. Prior to the settlement actual payment of any vested Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligationobligation of the Company. Payment of any vested Restricted Stock Units will be made in Shareswhole Shares only.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Applied Materials Inc /De)

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