Common use of Unfunded Plan Clause in Contracts

Unfunded Plan. The Plan, insofar as it provides for a Grant, is not required to be funded, and the Company shall not be required to segregate any assets that may at any time be represented by a Grant under this Plan.

Appears in 7 contracts

Samples: Universal Corp /Va/, Universal Corp /Va/, Universal Corp /Va/

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Unfunded Plan. The Plan, insofar as it provides for a GrantGrant or an Award, is not required to be funded, and the Company shall not be required to segregate any assets that may at any time be represented by a Grant or an Award under this Plan.

Appears in 4 contracts

Samples: 2023 Stock Incentive Plan (Universal Corp /Va/), Universal Corp /Va/, Universal Corp /Va/

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Unfunded Plan. The Plan, insofar as it provides for a Grantgrants, is not ------------- required to be funded, and the Company shall not be required to segregate any assets that may at any time be represented by a Grant grants under this Plan.

Appears in 2 contracts

Samples: United Financial Banking Companies Inc, United Financial Banking Companies Inc

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